CDIA and PPP Center Share Innovative Practices for Financing Sustainable Infrastructure Projects
October 14, 2016
CDIA, along with one of its national partner organizations, the Public-Private Partnership Center of the Philippines (PPP Center) provided insights on localizing global agendas during the joint learning event organized by the Asian Development Bank (ADB) and the Secretariat for the Development Partners Network on Decentralization and Local Governance (DeLog) last 28 September 2016 at the ADB Headquarters in Manila, Philippines.
The three-day event was focused on localizing Sustainable Development Goals (SDGs) in the Asia and Pacific region with a particular central point on SDG 11 and SDG 13, which are on Sustainable Cities and Communities, and Climate Action, respectively. Other SDGs like SDG 16 (Peace, Justice and Strong Institutions) and SDG 17 (Partnerships) were also addressed as cross-cutting themes.
In particular, CDIA and PPP Center served as panelists for the session on localizing SDG 11. Sharing case studies from various Asian cities and infrastructure sectors, Ms. Eva Ringhof, urban development specialist of CDIA presented how the initiative is empowering Asian cities to drive sustainable development at the local level by preparing sustainably feasible projects that attract market-based investments; and linking them to appropriate and innovative financing mechanisms.
On the other hand, Ms. Feroisa Concordia, Head of the Capacity Building and Knowledge Management Service Group of the PPP Center explained how PPPs can encourage sustainable community development through expanded infrastructure investments. Her input provided, not only an overview of the vital role of PPPs in achieving the SDGs, but also how the PPP Center can support local capacity building initiatives through project development and preparation.
“PPP is one of the routes that city governments can choose to implement vital infrastructure projects. But PPP is only one of the options that they can take and not the instant solution to address infrastructure requirements in the communities,” said Ms. Concordia.
“In choosing PPPs, like any other procurement processes, cities should remember that there are some challenges under this scheme. It is important then that they are equipped with full understanding of the PPP concept, its processes, implications and the various resources that are needed to successfully undertake a PPP project,” she added.