December 8, 2016 - Manila, Filipino and chinese businessmen signed the Memorandum of Understanding (MOU) that costs 100 billion dollar of investment for the country.
According to TND Designed Consultancy Managing Partner Telesforo E. Peña, Filipino and Chinese businessmen agreed to collaborate with the private and public projects to be developed in the country.
Peña added that their main purpose is to invite and encourage investors visit and invest in the Philippines.
On the side of the government, they will cooperate under the unsolicited proposals or through Public-Private Partnership (PPP).
According to PPP Center, some of the projects under the procurement stage are the Light Rail Transit Line 6, New Centennial Water Source, Kaliwa Dam and Davao Sasa Port Modernization.
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