PPP Bicol Medical Center (BMC) – Medical Arts Building and Upgrading of Health Services in the Philippines is approved for further project development.

Photo by Sam Balye on Unsplash

The Bicol Medical Center (BMC) – Medical Arts Building and Upgrading of Health Services aims to decongest the main hospital’s out-patient department (OPD) patients and laboratory requests effectively enhancing the quality of services of BMC, providing better health outcomes and achieving equitable access to healthcare in Region 5. Further, it will create sustainable revenue sources leading to BMC’s reduced dependence on national subsidy for its operational needs.

The PDMF is a revolving fund that supports pre-feasibility studies, feasibility studies, and other necessary pre-investment activities to help develop bankable PPP projects, as well as assistance in the PPP bidding process and for effective monitoring of PPP project implementation. Under the administration and management of the PPP Center, the PDMF provides government agencies with the required expertise and strategies to prepare well-structured projects that are selected to be undertaken as PPPs. The Facility is available for all national government agencies, government corporations, local implementing entities and state universities and colleges (SUCs), throughout the country. On the other hand, the PDMF Committee is the approving body for project support applications to the PDMF.

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