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An Act Authorizing the Financing, Construction, Operation and Maintenance of Infrastracture Projects by the Private Sector, and for the Other Purposes

AN ACT AUTHORIZING THE FINANCING, CONSTRUCTION, OPERATION AND MAINTENANCE OF INFRASTRUCTURE PROJECTS BY THE PRIVATE SECTOR, AND FOR THE OTHER PURPOSES

R.A. No. 6957 | 1990-07-09

Republic Act No. 6957
 
AN ACT AUTHORIZING THE FINANCING, CONSTRUCTION, OPERATION AND MAINTENANCE OF INFRASTRUCTURE PROJECTS BY THE PRIVATE SECTOR, AND FOR THE OTHER PURPOSES
 
Be it enacted by the Senate and House of Representatives of the Philippines in Congress assembled:
 
Section 1. Declaration of Policy. – It is the declared policy of the State to recognize the indispensable role of the private sector as the main engine for national growth and development and provide the most appropriate favorable incentives to mobilize private resources for the purpose.
 
Section 2. Definition of Terms. –...