The Maharlika Investment Corp.’s (MIC) incoming chief has identified the investment vision for the Maharlika Investment Fund (MIF), with specific focus on four key sectors.
MIC president and chief executive officer Rafael Consing Jr. said in a press briefing in Taguig yesterday he is looking at the list of public private partnership (PPP) projects already approved by the National Economic and Development Authority (NEDA).
“We’re going to be looking at opportunities within that list, because it’s already been approved by the NEDA, and the fastest way is for us to be able to choose one of those projects and see how we can immediately enable and be able to rollout the first part of our investment,” Consing said.
Consing said the four pillars in terms of investments are tourism infrastructure, agro-urbanism, energy security and digital infrastructure.
When asked if there are specific projects being considered, Consing said: “Out of those 38 PPP projects that have been identified from the perspective of physical connectivity, there are about four airports. Bulacan (International Airport), NAIA (PPP Project), and you’ve got two remaining airport projects that are there, you’ve got Laoag and Laguindingan. So those are the four that we will look at. You also have quite a number of roads and bridges that are out there,” Consing said.
“It’s not for me to say at this point in time exactly what those are, because we will have an investment committee. So we will have to undertake those studies and see whether which of those would deliver the most immediate impact, the one that’s immediately needed and the one that’s actually going to have the most impact in terms of socioeconomic development,” he added.
Consing said he is also looking at the Agus-Pulangi Rehabilitation Project and the Caliraya-Botocan-Kalayaan (CBK) Power Plant PPP project.
“Agus is one of those that had been approved by NEDA as part of the PPP program. It will require some significant rehabilitation. The other one is CBK,” Consing said.
