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25 February 2015

WASHINGTON, D.C.—The Philippines today sent a strong signal to the United States Government and the American private sector about the importance the Philippines accords to attracting foreign investments, particularly in priority infrastructure projects.

In a statement, the Philippine Embassy said a Memorandum of Cooperation (MOC) on the Philippines-United States Infrastructure Collaboration Platform was signed on Wednesday, 25 February 2015, between the Philippines, represented by Ambassador Jose L. Cuisia, Jr., and the United States, represented by Assistant Secretary Arun Kumar of the US Department of Commerce (DOC).

The MOC was signed during the 8th Global Infrastructure Leadership Forum (GILF) being held in New York from 25-27 February 2015. A Philippine Delegation led by DPWH Secretary Rogelio Singson is currently attending the GILF, and is composed of officials from the Philippine Embassy in Washington, D.C., Department of Transportation and Communications, and the Public-Private Partnership Center, as well as private sector representatives from Manila Water, Meralco PowerGen Corporation, BF Corporation, and the Philippine Constructors Association. The presentations made by the Philippine Delegation such as that by Secretary Singson on the Laguna Lakeshore Expressway Dike have all been well received at the GILF.

The MOC provides a framework for coordination and cooperation between the National Economic and Development Authority (NEDA) and DOC, with the goal of increasing US industry participation in PH infrastructure projects. It creates a platform for potential US investors to get notification and information about forthcoming infrastructure projects, which would be useful to enhancing awareness and attracting the attention of American investors in the Philippines.

“We look forward to a stronger and more robust partnership between our Public-Private Partnership Team and US companies. We are confident that the financial, technical and scientific resources of US investors will make positive contributions to the infrastructure development of the Philippines and more broadly to our national development objectives,” Ambassador Cuisia said as he thanked the US Government for its continued friendship and support for the Philippines, particularly in vital areas such as infrastructure development.

Ambassador Cuisia also thanked US Commerce Secretary Penny Pritzker whose visit to Manila last June provided the impetus for the agreement that was signed today.

The signing ceremony was witnessed by Secretary Rogelio L. Singson of the Philippine Department of Public Works and Highways, and DOC Undersecretary Stefan M. Selig. ###


25 February 2015

Memorandum Signing. Philippine Ambassador to the United States Jose L. Cuisia, Jr, (seated second from left) and US Department of Commerce Assistant Secretary Arun Kumar (seated third from left) sign the Philippine-United States Memorandum of Cooperation on the PH-US Infrastructure Collaboration Platform. Witnessing the signing ceremony are Secretary Rogelio Singson of the Philippine Department of Public Works and Highways (seated left) and DOC Undersecretary Stefan Selig.