Revised Implementing Rules and Regulations of R.A. No. 6957, “An Act Authorizing the Financing, Construction, Operation and Maintenance of Infrastructure projects by the Private Sector and for other Purposes”, as Amended by R.A. No. 7718

The BOT Law IRR Committee has approved the proposed amendments to the 2022 IRR of the BOT Law on September 15, 2022.

The approved amendments are based on the written comments received from stakeholders, the inputs from stakeholders during the public consultation held on September 13, 2022, and the IRR Committee deliberations on September 15, 2022.

The Revised 2022 IRR aims to address stakeholder concerns on the financial viability and bankability of PPP projects, and address concerns about potential delays due to extra steps, rigid processes, or ambiguous provisions.

Following the approval by the BOT Law IRR Committee, the Revised 2022 IRR of the BOT Law has now been published in a newspaper of general circulation. The measure shall be effective on October 12, 2022.

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Department of Finance