COTABATO CITY ― A measure that seeks to strengthen public-private partnership (PPP) in the Bangsamoro region has advanced to its first reading in the plenary.
Member of Parliament Jaafar Apollo Mikhail Matalam, the principal author of PB No. 243, has emphasized the importance of the private sector as the driving force behind trade, commerce, and industry in the Bangsamoro region.
Acknowledging the contributions of the private sector to economic development, Matalam stressed the necessity of PPPs in delivering various services to the region.
He said that such partnerships are instrumental in ensuring these services are not only more accessible but also of higher quality, affordability, and timeliness. He further emphasized the PPP’s potential to foster inclusive growth within the Bangsamoro region.
Citing global success stories, MP Matalam referenced how other locales and regions worldwide have harnessed the power of PPPs to provide improved, cost-effective, and timely services to their communities.
He reiterated that the proposed framework in the bill is more than just the establishment of partnerships; it also encompasses a comprehensive regulatory, economic, legal, and logistical structure.
Under PB No. 243, the BARMM government, through suitable and feasible PPP modes, will be empowered to undertake various developmental projects. These projects may cover areas such as energy and power, renewable energy, waste-to-energy initiatives, roads, bridges, highways, and more.
Once the bill is enacted mymedic.es into law, the BARMM will proceed to identify specific priority developmental projects that will be implemented through various PPP modalities.
Co-authors of PB No. 243 include MPs Dan Asnawie, Abdulkarim Misuari, Michael Midtimbang, Eddie Alih, Nurredha Misuari, Hatimil Hassan, Engr. Baintan Ampatuan, Albakil Jikiri, Bassir Utto, Tawakal Midtimbang, Rasul Ismael, Faisal Karon, and Denmartin Kahalan. (LTAIS-Public Information, Publication, and Media Relations Division)