Borrowing cost scenarios<\/strong><\/h5>\n\u201cWho else will pay for it?\u201d he said. \u201cIt looks good [on the government\u2019s] balance sheet, but someone will have to pay for it.\u201d<\/p>\n
Dominguez added that the previous administration also used incorrect borrowing cost scenarios for evaluating PPP projects, including the assumption that private sector firms would be able to fund infrastructure project more cheaply because of efficiency considerations.<\/p>\n
\u201cThey were always assuming that the private sector will be 15-percent cheaper than the government,\u201d he said. \u201cWhy should that be?\u201d<\/p>\n
The finance chief cited the instance of a 28-kilometer road that the previous administration wanted to widen through the PPP scheme, with the rationale that a private proponent would implement it more efficiently.<\/p>\n
He pointed out, however, that the project could have been built more cheaply if it was funded by the national government, whose funding costs are lower than any other Philippine private firm.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Duterte administration wants the Philippines to formally join the Asian Infrastructure Investment Bank (AIIB) in time for the President\u2019s trip to Beijing this week to erase the massive public works gap that has hobbled the local economy.<\/p>\n","protected":false},"author":35,"featured_media":794083,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[481,36,34,37,45],"tags":[195,1607],"byline":[316],"source":[206078],"column":[],"editor":[170633],"videographer":[],"position":[],"acf":[],"yoast_head":"\n
Admin to spend P8 trillion for infrastructure | Inquirer 黑料社<\/title>\n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n","yoast_head_json":{"title":"Admin to spend P8 trillion for infrastructure | Inquirer 黑料社","description":"The Duterte administration wants the Philippines to formally join the Asian Infrastructure Investment Bank (AIIB) in time for the President\u2019s trip to Beijing this week to erase the massive public works gap that has hobbled the local economy.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure","twitter_card":"summary_large_image","twitter_title":"Admin to spend P8 trillion for infrastructure | Inquirer 黑料社","twitter_description":"The Duterte administration wants the Philippines to formally join the Asian Infrastructure Investment Bank (AIIB) in time for the President\u2019s trip to Beijing this week to erase the massive public works gap that has hobbled the local economy.","twitter_image":"https:\/\/newsinfo.inquirer.net\/files\/2016\/07\/dominguez-0704.jpg","twitter_creator":"@inquirerdotnet","twitter_site":"@inquirerdotnet","twitter_misc":{"Written by":"besguerra","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure#article","isPartOf":{"@id":"https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure"},"author":{"name":"besguerra","@id":"https:\/\/newsinfo.inquirer.net\/#\/schema\/person\/6353f94c41e1ebe1c61cd0a7f20bb1b5"},"headline":"Admin to spend P8 trillion for infrastructure","datePublished":"2016-10-16T18:23:09+00:00","dateModified":"2016-10-16T18:23:09+00:00","mainEntityOfPage":{"@id":"https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure"},"wordCount":607,"commentCount":0,"publisher":{"@id":"https:\/\/newsinfo.inquirer.net\/#organization"},"image":{"@id":"https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure#primaryimage"},"thumbnailUrl":"https:\/\/newsinfo.inquirer.net\/files\/2016\/07\/dominguez-0704.jpg","keywords":["Business","China"],"articleSection":["Editors' Picks","Headlines","Latest 黑料社 Stories","Nation","Nation"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure#respond"]}],"copyrightYear":"2016","copyrightHolder":{"@id":"https:\/\/www.inquirer.net\/#organization"}},{"@type":"WebPage","@id":"https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure","url":"https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure","name":"Admin to spend P8 trillion for infrastructure | Inquirer 黑料社","isPartOf":{"@id":"https:\/\/newsinfo.inquirer.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure#primaryimage"},"image":{"@id":"https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure#primaryimage"},"thumbnailUrl":"https:\/\/newsinfo.inquirer.net\/files\/2016\/07\/dominguez-0704.jpg","datePublished":"2016-10-16T18:23:09+00:00","dateModified":"2016-10-16T18:23:09+00:00","description":"The Duterte administration wants the Philippines to formally join the Asian Infrastructure Investment Bank (AIIB) in time for the President\u2019s trip to Beijing this week to erase the massive public works gap that has hobbled the local economy.","breadcrumb":{"@id":"https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/newsinfo.inquirer.net\/826011\/admin-to-spend-p8-trillion-for-infrastructure#primaryimage","url":"https:\/\/newsinfo.inquirer.net\/files\/2016\/07\/dominguez-0704.jpg","contentUrl":"https:\/\/newsinfo.inquirer.net\/files\/2016\/07\/dominguez-0704.jpg","width":800,"height":450,"caption":"Finance Secretary Carlos Dominguez. 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