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Philippine conglomerate Aboitiz upbeat on Marcos privatization push

Infrastructure unit CEO eyes PPP deals, catches foreign investors' interest

Aboitiz InfraCapital CEO Cosette Canilao, former head of the government's public-private partnership office, leads the conglomerate's charge into infrastructure. (Source photos courtesy of Aboitiz InfraCapital)

MANILA -- Aboitiz Group, one of the Philippines' largest conglomerates, is optimistic that its proposals to privatize airports will advance under President Ferdinand Marcos Jr.'s administration, which is working to make public-private partnership (PPP) rules palatable to investors.

Marcos, who took office on June 30 and inherited a tighter budget due to the pandemic, plans to make PPPs central to his strategy to ramp up infrastructure development. The policy would be a shift from that of his predecessor, Rodrigo Duterte, who sought foreign loans to bankroll large projects such as railways.

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