Day 75: Aquino Signs Executive Order 8

MANILA – President Noynoy Aquino has signed EO 8 officially renaming the Build-Operate-Transfer (BOT) Center to the Public –Private Partnership (PPP) Center.

The order mandated the provision of over P300 million in funds for the study and development of projects that fit the administration’s vision of making public-private partnerships the catalyst for national development.

The EO, signed by the President on September 9 but released today, provided for a PPP center that would be devoted to drafting plans and policies that would guide selected PPP projects.

From the Department of Trade and Industry, the center will now be housed in the offices of the National Economic Development Authority, whose secretary will also appoint the head of the new center.

Aquino highlighted the need for more partnerships between the public and the private sectors in ensuring the continuous growth of the country’s economy.

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