Comprehensive I ntegrated Comprehensive I ntegrated I nfrastructure Program (CI I P) I nfrastructure Program (CI I P) 2006- -2010 2010 2006 18 August 2006 I nterim Meeting of the Philippines Development Forum Makati Shangri-La Hotel NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY
I nvestment Requirement by Sector I nvestment Requirement by Sector Total investments = PhP 1,711 billion* (4.45 % of total GDP for 2006-2010) Communications Water Resources Power and 1.25% 14.64% Electrification (PhP 21.44 B) (PhP 250.49 B) 21.10% (PhP 361.12 B) Social I nfrastructure 9.60% (PhP 164.32 B) Transportation Support to ARCs 51.96% 1.44% (PhP 889.20 B) (PhP 24.64 B) Transportation Breakdown * excludes projects with incomplete information NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
I nvestment Requirement by Status I nvestment Requirement by Status of I mplementation of I mplementation Ongoing 20% (PhP 337.40B) Proposed 80% (PhP 1,373.81B) NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
I nvestment Requirement by I nvestment Requirement by Financing Source Financing Source Other Sources LGUs 4% 2% Private (PhP 61.2 B) (PhP 26.1 B) 27% (PhP 459.9 B) NG 44% GOCCs/ GFI s (PhP 775.3 B) 23% (PhP 388.7 B) NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
2006- -2010 CI I P vs. DBM Proposed Budget 2010 CI I P vs. DBM Proposed Budget 2006 Strategy Strategy 2010 CIIP (2006-2010+ ) 775.3 CIIP (2006-2010) 617.8 DBM (2006-2010) 605.0 Deficit (2006-2010) 12.8 2010+ Requirement 157.5 0 200 400 600 800 1000 I nvestment (in PhP Billion) NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
M T P I P M T P I P FI NANCI NG FI NANCI NG FRAMEWORK FRAMEWORK NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
With Budget and Off-Budget Financing National ODA Savings Pool P/$ $ Repayment Repayment (Via AA) (Via AA) DOF P/$ GOCC NG/Agency LGU Repayment Budget Funding Project Funding NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
Savings and I nvestment (percent of GDP) 2000 2001 2002 2003 2004 2005 Gross National 23.0 24.5 26.6 28.1 29.6 30.0 Savings Gross Domestic 16.1 17.1 19.1 19.7 21.0 20.7 Savings Foreign Savings 8.8 4.2 7.1 2.4 4.7 4.65 Investment 19.3 19.0 17.7 16.8 16.8 15.1 S-I Gap 3.7 5.5 9.0 11.2 12.8 14.8 NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
Savings and I nvestment (percent of GDP) 35 30 S 25 S-I Gap 20 15 I 10 5 2000 2001 2002 2003 2004 2005 NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
I DENTI FI ED FI NANCI NG SOURCES CHI NA EXI MBANK $2 billion/ year for next 3 years � WORLD BANK, ADB, JBI C 27 th Yen Loan: at least $1 billion under � negotiation $200 million each from World Bank and ADB � program loans LAND BANK, DBP Financing for LGUs � GSI S P10 billion for Subic/ Clark projects � NDC Bond Flotation � NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
I DENTI FI ED FI NANCI NG SOURCES (Cont.) GFI s GFI s DBP P228 billion assets � P30–P40 billion liquid cash � LBP P330 billion assets � P40 billion free loanable funds � NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
FI NANCI AL STRENGTH OF GOCC’s PNOC : P12 billion free cash BCDA : P79 billion in Assets with P68 billion in equity NDC : Good rating in local bond market PHI LEXI M: $3.5 billion in potential sovereign guarantee NRDC : Potential owner of vast public lands of DENR NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
PROJECT FI NANCI NG MODEL Purely-Off Budget DOF/ NATIONAL PHILEXIM ODA SAVINGS POOL GUARANTEE WB,JBIC GSIS Private Banks ADB, China SSS Equity Mkt. REPAYMENT REPAYMENT Pag-ibig Bond Mkt. DBP, LBP FUNDS GOCC FUNDS NDC/PIC Loan Instrument PPA with Real Estate RECLAMATION/ PNOC FUNDS REPAYMENT LAND DEV’T PEA Profit Participation BCDA ATO, PNR FUNDS, ROAD PROJECT CONTRACTOR CONSTRUCTION PIC/ Private Sector/ DPWH Foreign Partner RESEARCH/ ADVICE Clientele SOE TECHNICAL/ SOCIAL SERVICES LAND DENR or PFC Legal Private Land NABCOR/ Experts Owners DA/DAR NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
End of Presentation NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY
Breakdown of Transport Breakdown of Transport I nvestment Requirement I nvestment Requirement Water Transport 4% Air Transport PhP 31.89 B 12% Urban/ Rail PhP 104.53 B 41% PhP 364.59 B Roads and Bridges 43% PhP 388.19 back NATIONAL ECONOMIC AND DEVELOPMENT AUTHORITY 18 AUGUST 2006
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