nanced by the Maharlika Investment Fund will be at reduced risk of administrative and legal challenges, with ofcial development assistance also becoming harder to access, Finance Secretary Benjamin E. Diokno said.
He said mass transit systems, power grid distribution, renewable energy, and waste-to-energy projects were among the priority projects being contemplated by the government. He said Maharlika will have at least $5 billion worth of initial funding, including P100 billion from the Bangko Sentral ng Pilipinas .
Other financing sources are Land Bank of the Philippines with P50 billion or 3.8% of its P1.3 trillion investible funds; the Development Bank of the Philippines with P25 billion or 3.1% of its P800 billion in investible funds, and privatization proceeds equal to P100 billion that could potentially rise to P150 billion.
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