The national administration is confident about the sustained growth of the domestic economy beyond its term as more social infrastructures have been bidded out and are now being implemented and more are still in the pipeline, a press release from the government said.

Finance Secretary Cesar Purisima, in his speech during the Financial Times-First Metro Investment Corp. Philippines Investment Summit yesterday, said excluding the emergency power projects put in place during the Ramos administration, the Aquino administration posted the highest number of infrastructure projects implemented so far.

There are about 54 projects listed under the public-private partnership initiative of the current administration and seven of these have been awarded.

These seven are the four-kilometer, four-lane DaangHari-SLEX Link Road; PPP for school infrastructure project phase I and II; the four-lane elevated Ninoy Aquino International Airport Expressway Project, the modernization of the Philippine Orthopedic Center, the automatic fare collection system, and the construction of the Mactan-Cebu International Airport passenger terminal building.

The national administration has ensured that needed infrastructure projects are put in place since these are the major economic growth drivers and would ensure that domestic expansion would be inclusive.

Purisima admitted that implementation of these projects cannot be done as fast as everybody wants it to be and not all the projects can be implemented under one administration.

Analysts said the slow implementation of the PPP projects is understandably okay because of the reforms put in place to ensure that the projects were property scrutinized, the press release said.*

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