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Republic Act No. 6957.

Country/Territory
Philippines
Document type
Legislation
Date
1990
Source
FAO, FAOLEX
Long title
An Act Authorizing the Financing, Construction, Operation and Maintenance of Infrastructure Projects by the Private Sector, and for Other Purposes.
Subject
General
Keyword
Business/industry/corporations Inspection Contract/agreement Financing
Geographical area
Asia, Asia and the Pacific, East Asian Seas, North Pacific, South-Eastern Asia
Abstract

This Act is enacted to for the purposes of at authorizing the financing, construction, operation and maintenance of infrastructure projects by the private sector, and for other purposes. It is the declared policy of the State to recognize the indispensable role of the private sector as the main engine for national growth and development and provide the most appropriate incentives to mobilize private resources for the purpose (Sec.1 ). All government infrastructure agencies are hereby authorized to enter into contract with any duly prequalified project proponent for the financing, construction, operation and maintenance of any financially viable infrastructure facilities through the build-operate-and-transfer or build-and-transfer scheme (Sec.3).

Full text
English
Website
www.officialgazette.gov.ph

References - Legislation

Implemented by

Revised Implementing Rules and Regulations of R.A. No. 6957, An Act Authorizing the Financing, Construction, Operation and Maintenance of Infrastructure Projects by the Private Sector, and for Other Purposes, as Amended by R.A. No. 7718.

Legislation | Philippines | 2022

Keyword: Business/industry/corporations, Inspection, Contract/agreement, Financing, Enforcement/compliance

Source: FAO, FAOLEX

Amended by

Republic Act No. 7718.

Legislation | Philippines | 1994

Keyword: Business/industry/corporations, Inspection, Contract/agreement, Financing

Source: FAO, FAOLEX