IFC to advise PHL on cargo port, classroom PPPs
THE International Finance Corp. (IFC) will provide transaction advisory support to the Philippines on two public‑private partnership (PPP) initiatives — a cargo port in Cebu and a classroom construction project.
In a disclosure, the IFC said it will extend transaction advisory support for the New Cebu International Container Port Project and the Public-Private Partnership for School Infrastructure Project Phase 4 (PSIP IV).
The Cebu project will be financed through official development assistance from Korea Eximbank, with the IFC acting as lead transaction adviser.
The IFC said it will help “structure and implement a competitive and transparent tender for a PPP to select a reputable operator to finance, operate, maintain, and equip the port under a long‑term concession.”
The project was approved in November 2024 and is due for completion by July.
The New Cebu International Container Port Project aims to ease congestion at current facilities and support economic growth in the Visayas.
Separately, the IFC will provide transaction advisory support to the government in selecting a private‑sector operator for PSIP IV.
The Department of Education initiative seeks to mobilize private investment in the education sector and address infrastructure gaps in Luzon and the Visayas. — Aubrey Rose A. Inosante
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