PPP support okayed for CCP redevelopment

A proposed public-private partnership (PPP) to turn the Cultural Center of the Philippines (CCP) complex into a “smart city” has taken a step forward, having secured support from a funding facility set up to develop bankable projects.

The CCP Asset Development Project, along with the unsolicited Davao Sasa Port Modernization Project and the Development and Maintenance of the General Santos Port Project, have been approved for Project Development and Monitoring Facility (PDMF) support, the PPP Center said in statement on Monday.