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GSIS eyes PPP to enhance income from its property assets

Date Posted: September 20, 2019


Philippine Reclamation Authority Chairman and certified Public-Private Partnership (PPP) specialist, Lawyer Alberto C. Agra (third from left) presents his certificate of appreciation given to him by the GSIS governing board after the seminar he conducted on PPP. Atty. Agra is joined by (from left), Trustee Nina Ricci Ynares-Chiongbian, Trustee Anthony B. Sasin, Trustee Wilfredo C. Maldia, Chairman and Acting President and General Manager Rolando Ledesma Macasaet, Trustee Carlo Antonio B. Almirante, and Trustee Jocelyn de Guzman-Cabreza.

In its continuing efforts to enhance revenue income from its investment properties, the governing board of Government Service Insurance System, led by Chairman and Acting President and General Manager Rolando Ledesma Macasaet, attended a seminar on Public-Private Partnership (PPP) conducted by Philippine Reclamation Authority Chairman and certified PPP specialist, lawyer Alberto C. Agra.

Chairman Macasaet said that the “GSIS Board wants to understand how PPP works so that we can maximize use of GSIS’s property assets, for the benefit of our over two million members and pensioners.”

“Through PPP, GSIS can redevelop its properties for productive or commercial use, which will boost our income and sustain our fund life,” the pension fund chief pointed out.

During the said seminar, the GSIS Board of Trustees was briefed on various PPP modalities which include Build-Operate-Transfer (BOT) schemes, Joint Ventures, divestment, lease, management contract, service contract, real property swap, and concession.

In 2012, GSIS entered into a PPP contract with the Philippine Investment Alliance for Infrastructure (PInAI), considered as the very first private equity fund for infrastructure projects in the country.