Home | Money Matters | Law on private-public partnership in Cagayan de Oro up for approval

Law on private-public partnership in Cagayan de Oro up for approval

THE City Council here in Cagayan de Oro is set to act on the proposed city code pursuing a public-private partnership (PPP) approach towards development.
This, after the committee on planning and development and on laws and rules, both chaired by Councilor Ian Mark Nacaya, endorsed the approval of the proposed legislation, which provides the procedure for selecting the private sector proponent.
It also includes the adoption of a contract management framework.
In his letter to Vice Mayor Raineir Joaquin V. Uy, Mayor Oscar Moreno said the draft of
the Cagayan de Oro Public-Private Partnership for the People (P4) is adopted from Annex 1 of DILG Memorandum Circular No. 2016-120.
The circular provides guidelines for private sector participation in the provision of public infrastructure and social services.
The legislation is in line with the policy of the city to advance public welfare and prompt the interest of the community and the city within the framework of sustainable and integrated development. It also aims to provide an effective constructive engagement and meaningful participation of people in local governance.
It was learned that the rationale of P4 is to provide better, affordable and timely services to the community, among others.
The proposed law cites that P4 projects should be feasible, affordable and bankable and must also provide economic and social benefits.
The proposed ordinance mandates the creation of a P4 selection committee (P4-SC) for purposes of selecting a PSP for a specific P4 project.
The committee, which will be constituted by the city mayor, shall be composed of a chairperson, secretary, the city treasurer, the city planning and development officer, one representative from and selected by the City Council and two representatives from and chosen by accredited people’s organizations, non-government organizations and CSOs who are members of the city, Municipal Development Council/Regional Economic and Development Board. (CLI)

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TREND MAKER. Mindanao Gold Star Daily was established in 1989 to set ablaze a new meaning & flame to the local newspaper business. Throughout the years it continued its focus and interest in the rural areas & pioneered the growth of countryside journalism.

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