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MANILA - Pursuant to the directive of President Rodrigo Duterte to review all contracts "with the end in view of abrogating or revising the provisions that are prejudicial and onerous to the Filipino people," the Department of Finance (DOF) has conducted a thorough review of about a dozen big-ticket public-private partnership (PPP) contracts to minimize the state's risks and exposure from contingent liabilities. Spearheaded by its Privatization and Special Concerns (PSC) Office, the DOF's extensive review was undertaken on the contracts of, among others, the Mactan-Cebu Airport Project, Maynilad Water Services Inc. (MWSI) and Manila Water Company (MWC), Cavite-Laguna Expressway (Calax), Clark International Airport Expansion Project, and the Metro Rail Transit Line 3 (MRT3). DOF Undersecretary Grace Karen Singson, who heads the PSC Office, said her office also studied the provisions of the contracts for the Light Rail Transit 1 Cavite Extension and Operations and Maint

Cavite cityRodrigo duterteKaren singsonMaynilad water services incInvestment coordination committeeDevelopment budget coordination committeeManila water companyDevelopment authorityRisk management officeNational economicDepartment of financeFund management committeeClark international airport expansionPresident rodrigo duterteSpecial concernsMactan cebu airport project