PPP deals bottleneck, engine for 8% growth rate target, PNoy explains

Finance Undersecretary Gil Beltran says 8 infrastructure projects planned under the public-private partnership program (PPP) are crucial to achieving the country’s growth targets this year.  However, only one small PPP project has been approved, making businessmen critical of the slow pace of implementation of what was trumpeted as the Aquino administration’s engine for growth.  In an interview aired Wednesday night, President Benigno Aquino III explains he is having second thoughts about the original strategic plan laid out by his government on the PPP.

Read more about the projects which could raise GDP up to 2% and about President Aquino’s doubts on Rappler.