E Need To Make Sure That Ambiguous Provisions Are Revised News Today : Breaking News, Live Updates & Top Stories | Vimarsana

National Economic and Development Authority Secretary Arsenio Balisacan (File photo) MANILA - The Cabinet-level Committee on the Build-Operate-Transfer (BOT) Implementing Rules and Regulations (IRR) has approved the proposed amendments to the 2022 IRR of the BOT Law during its meeting held on Sept. 15. During the meeting presided over by National Economic and Development Authority (NEDA) Secretary Arsenio Balisacan, members of the BOT IRR Committee deliberated on each of the proposed amendments to determine and ensure the viability of public-private partnership (PPP) projects and their contribution to the government's goals. "We have to ensure that the amendments will address stakeholder concerns on financial viability and bankability of PPP projects. Likewise, we need to make sure that ambiguous provisions are revised, as these are risky for the government, given that they can cause delays in the processing and implementation of PPP projects. Lastly, these amendments should b ....

Arsenio Balisacan , Communications Technology , National Economic , Development Authority , Cabinet Level Committee , Implementing Rules , Secretary Arsenio Balisacan , Natural Resources , Local Government , Public Works , Public Private Partnership , National Economic And Development Authority Secretary Arsenio Balisacan File Photo Manila The Cabinet Level Committee On Build Operate Transfer Bot Implementing Rules Regulations Irr Has Approved Proposed Amendments To 2022 Of Law During Its Meeting Held Sept 15 Presided Over By Neda , Embers Of The Bot Irr Committee Deliberated On Each Proposed Amendments To Determine And Ensure Viability Public Private Partnership Ppp Projects Their Contribution Government 39s Goals Quot We Have That Will Address Stakeholder Concerns Financial Bankability Likewise , E Need To Make Sure That Ambiguous Provisions Are Revised , S These Are Risky For The Government , Iven That They Can Cause Delays In The Processing And Implementation Of Ppp Projects Lastly , Hese Amendments Should Be Socially Beneficial To All Parties , Uot Balisacan Said Ina Statement Friday The Committee Also Took Into Consideration Inputs Solicited From Stakeholders During Face To Public Consultation Held On Sept 13 Bot Irr Acknowledged Receipt Of 91 Comments Proper And 213 Written In Total Underscored Importance Approving Proposed Amendments , S The Irr Would Bolster Government 39s Capabilities In Addressing Pressing Issues Such As Inflation , Nd Prolonged Socioeconomic Scarring From Coronavirus Disease 2019 Covid 19 Through Ppps Quot The Amendments To Irr Would Serve Further Leverage In Spurring Innovation And Aiding Prudent Allocation Of Government 39s Resources This Is Especially Relevant Today , Iven Our Tight Fiscal Position With More Resources Freed Up , He Government Can Increase Its Spending On Priorities Such As Health , Nd Social Protection Meanwhile , Hrough Ppps , He Private Sector Could Serve Asa Steadfast Partner In Areas Such As Infrastructure Development , Here There Is Strong Market Demand Through This Cooperation ,