Photo Release

REVISITING THE BUILD-OPERATE-TRANSFER LAW: Sen. Ferdinand “Bongbong” Marcos, Jr., (right) chair of the Senate Committee on Public Works, and Senate President Pro-Tempore Ralph Recto (left) discuss the importance of revisiting the Build-Operate-Transfer (BOT) law during a Senate hearing Tuesday, March 3, 2015. While the BOT Law taps into the private sector’s financial resources to expand investments for public infrastructure projects, Marcos said that there was a need to update and replace the BOT Law by incorporating valuable lessons learned from past projects as well as global best practices in public-private partnerships (PPP). (PRIB Photo by Albert Calvelo/03 March 2015)