NIA’s PPP investment pledges reach P1 trillion
NIA Central Office – With the top priority of President Ferdinand “Bongbong” Romualdez Marcos, Jr. to revitalize the country’s agriculture sector through irrigation development, the National Irrigation Administration (NIA) eyes Public-Private Partnership (PPP) on irrigation development.
FUNDING is one of the major operational issues of NIA, as with other government agencies. Data shows that the estimated development cost of the lands without irrigation amounts to 594.76 billion pesos.
President Marcos, Jr. called for the application of Public-Private Partnership (PPP) to government infrastructure projects. Thus, Administrator Benny D. Antiporda immediately went into the study of PPP application to NIA projects. In two months, NIA now has a total investment pledge of more than one trillion pesos from potential private partners, which would then allow NIA to pursue its irrigation projects without the restriction of limited funding.