Abstract
Infrastructure plays a critical role in boosting the economy’s overall productivity and development toward improving the quality of life. Public–private partnership (PPP) is considered as one of the key modalities for sustainable infrastructure development. This paper analyzes and compares the PPP systems in the Republic of Korea, the Philippines, and Indonesia to identify the requirements for making this modality an effective catalyst for infrastructure’s contribution to sustainable development. These countries have used the increased capacity and transactional experience in handling these partnerships to develop their PPP markets and strengthen their institutional framework to increase the use of PPPs to provide infrastructure services. A comparative analysis is then conducted to draw lessons for other economies in developing Asia seeking to improve the efficiency and effectiveness of their PPPs. The analysis underscores how strong institutions, unified procurement frameworks, and effective dispute resolution mechanisms can improve the implementation of infrastructure PPPs.
Highlights
Selected and well-developed infrastructure can boost industrial competitiveness by enhancing productivity and the capacity to innovate, as well as reducing poverty and, improving social welfare (IDB 2014)
This paper examines the legal and institutional frameworks as well as implementation processes for solicited and unsolicited project proposals for infrastructure private partnership (PPP) in the three countries
Based on the comparative analysis of the PPP systems in Indonesia, the Republic of Korea, and the Philippines, it is imperative to clearly and effectively communicate national infrastructure plans with the public and end users, as widespread opposition to infrastructure PPPs in all three countries is apparent for reasons discussed earlier
Summary
Selected and well-developed infrastructure can boost industrial competitiveness by enhancing productivity and the capacity to innovate, as well as reducing poverty and, improving social welfare (IDB 2014). Similar to the Republic of Korea, the Philippine government has recognized the vital role of the private sector to provide needed investment and lawmakers enacted two primary laws to facilitate and implement PPP infrastructure (PPP Center 2012). It has one of the oldest build-operate-transfer (BOT) policies in the Asia and Pacific region and, with subsequent amendments, positioned the Philippines with the most improved regulatory and institutional framework according to 2014 Infrascope.
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