政府采购信息报/网2017年2月21日消息  菲律宾政府和社会资本合作中心（PPPC） 最近与菲律宾证券交易所（PSE）签署了一项协议备忘录（MOA），以加强双方合作 和信息交流，推进实施正在进行的PPP名单申请工作。该备忘录规划了PPP中心和证 券交易机构的合作和协调框架，以及PPP公司在股票市场进行交易的实施细则，这 被认为是为PPP项目开发进行融资的一个替代资源和途径。

　　PPP指导方针条款

　　被PPP公司称为“可行性附加条款和公开条例”的这个新文件，是菲律宾股票交易 所根据与费尔迪南德·A·派克森主任领导下的PPP中心达成的协议基础上出台的。 派克森主任在签字仪式上敲响了钟声，宣布PPP股票向投资者发行开始。

　　根据这个新出台的“附加条款和公开条例”，被授予了PPP项目合同的PPP公司或者 拥有PPP合同的公司或联合体组成的特定项目公司（SPC）可以申请加入名单。这些 公司可以从证券交易所最低三年的行业纪录和证券交易历史的规定之外，获得豁免 ，加入证券交易主板，但是获得授予PPP合同的最低项目金额至少为50亿菲律宾比 索。公司只能在完成了建设工程或者项目的一个阶段后，才能申请加入名单。公司 列入名单时限是无限的，贯穿项目特许期，但合同期限最少要有15年。

　　预计PPP项目的融资需求

　　PPP中心主任派克森解释说，因为PPP项目继续展开，基础设施项目的规模和复杂性 持续增长，预计地方银行部门将完全不能吸纳和支持如此庞大的PPP项目资金需求 。2015年，PPP中心开始与证券交易所和证券交易委员会（SEC）合作，着手推出几 项动议，引入菲律宾资本市场协助PPP项目。

　　"通过股市和保险债券列表的形式，引入资本市场，是最近为解决PPP项目融资问题 而着重推出的融资措施之一，"派克森主任说。

　　"今后几年，我们期待推出大量的基础设施工程项目，我们确实希望各地银行向更 多PPP参与方和玩家扩展信贷服务，同样的，我们也需要更多的大型跨国企业联合 体，包括外国银行和资本市场投资我们的大型PPP项目。"他又说。

　　在这个部分，证券交易所主席乔斯·T·帕多表达了形成一个新的PPP公司（证券交易）名单的信心。

　　“众所周知，其他领域开始利用这一机制进行融资已经有些时日了。虽然我们刚刚开始迎头追赶，但时间对我们很有利，政府对PPP项目的立场很明确，她致力于加速基础设施投资力度。目前已经有几个PPP项目进入实施程序，我们希望看到PPP公司进入股票市场，来实行他们的融资行动，”证券交易所主席说。

　　解答PPP名单规则

　　在独立的PPP名单规则简介会上，PPP中心副执行主任（DED）伊利亚萨·E·李克特、证券交易所首席运营官（COO）洛尔·李福兰，以及市场和证券管理部的证券交易主任文森特·格拉西亚诺·菲力茨门纽主持了小组讨论，并分享了资源。来自银行业、建筑业和其他PPP参与方的代表参加了简介会。

　　作为开场白，李克特副主任表达了对PPP进入证券市场名单的共同期待。

　　“这是我们的共同期望，希望这一框架能鼓励合适的PPP公司开启金融市场，扩展他们的投资人基础，允许更多的人民将他们的资源投向成功操作并维持运营的PPP项目，”他分享说。

　　同时，在闭幕演说中，证券交易所总裁汉斯·西卡特对即将开始的PPP名单申请工作表示乐观。

　　“我们同意协助为申请PPP名单项目的公司提供便利，我们希望这一动议能进一步帮助PPP公司看到位列证券交易所主办的前景，”他说。

　　原文链接：http://ppp.gov.ph/?press_releases=ppp-center-philippine-stock-exchange- sign-moa-on-guidelines-for-ppp-listings-2

　　图片：菲律宾PPP中心和菲律宾证券交易所就签署PPP项目备忘录举行小组讨论

        附原文：
　　PPP Center, Philippine Stock Exchange sign MOA on Guidelines for PPP  Listings
　　February 21, 2017
　　PPP Center, PSE sign MOA on PPP Listings panel discussion
　　The Public-Private Partnership Center together with the Philippine  Stock Exchange (PSE) recently signed a Memorandum of Agreement (MOA) to  reinforce its collaboration for information sharing to implement the  processing of listing applications. The MOA outlines the framework for  cooperation and coordination between the PPP Center and the PSE in  implementing the listing rules for PPP companies where the equities  market is considered as an alternative source of funding in the  development of PPP projects.
　　PPP Listing Guidelines
　　Dubbed as the Supplemental Listing and Disclosure Rules Applicable  to a PPP Company, this new PSE product was launched on the trading floor  with PPP Center led by its Executive Director Ferdinand A. Pecson, who  rang the bell, signaling the opening of the PPP securities to investors.
　　With the supplemental listing and disclosure rules in place, a PPP  company may apply for listing under the guidelines if it is a  corporation with a PPP contract awarded or a Special Purpose Company  (SPC) incorporated by the corporation or consortium holding a PPP  contract. These companies are exempted from the minimum 3-year track  record and operating history required by the PSE to list in its main  board. The awarded PPP contracts should have at least a project cost  worth Php5 billion. The company can only apply for listing when it has  completed its construction works or a phase in the project. The life of  the listed company is considered co-terminus with the project concession  period, but with a minimum contract of 15 years.
　　Anticipating the financing demand for PPPs
　　PPP Center chief Pecson explained that the as the PPP program  continues to rollout infrastructure projects of increasing scale and  complexity, it is anticipated that the local banking sector will be  entirely unable to absorb or support the demand for funding of PPP  projects. In 2015, the PPP Center together with the PSE and the  Securities and Exchange Commission (SEC) embarked on several initiatives  that assessed the Philippine capital market for PPPs.
　　“Accessing the capital markets through the listing of equities and  issuance of bonds are some of the financing options currently being  explored to address this funding issue,” Executive Director Pecson  said.
　　“We expect a large number of infrastructure projects to be rolled  out in the next few years. We actually see local banks spreading their  lending services more widely among PPP parties/players. There is also an  increased likelihood of conglomerates tapping into foreign banks and the  capital market to fund large-scale PPP projects,” he added.
　　For his part, PSE Chairman Jose T. Pardo conveyed his confidence in  the new listing product for PPPs.
　　“As you know, other territories have had this fund raising  mechanism for some time. While we are only catching up, the timing is  also ideal given government’s stance on PPP projects, as it committed  to accelerate infrastructure spending. And with several PPP projects in  the pipeline, we hope to see PPP companies tap the stock market for  their capital raising exercise,” the PSE chair said.
　　PPP Listings rules explained
　　In a separate briefing on the PPP listing rules, a panel discussion  was conducted with PPP Center Deputy Executive Director (DED) Eleazar E.  Ricote, PSE Chief Operating Officer (COO) Roel Refran, and Securities  and Exchange Director Vicente Graciano Felizmenio, Jr., of the Markets  and Securities Regulation Department as resource persons. Members from  the banking industry, construction and other PPP players were present  during the briefing.
　　For his opening remarks, DED Ricote shared his expectations of the  PPP listing.
　　“It is our hope that this framework will encourage eligible PPP  companies to tap the financial markets, and broaden the investor base,  allowing more people to pool their resources towards the successful  operations and maintenance of PPP projects,” he sshared.
　　Meanwhile, in his closing remarks, PSE president Hans Sicat Hans  expressed his optimism for the upcoming PPP listing applications.
　　“We agreed to help facilitate the process of listing applications  under the PPP listing program. We hope that this initiative will further  help PPP companies in terms of their view on listing on the PSE,” he  said.