NEDA Board Approves Electric Vehicle OE and PPP Rules
The Board of Directors of the National Economic Development and Development Authority (NEDA) has approved an Executive Order (EO) amending tariffs on electric vehicles (EVs) as well as guidelines on processing public partnership proposals- Private (PPP), the agency announced on Thursday.
“At its first meeting under the administration of Chairman Ferdinand Marcos Jr., the NEDA Board of Directors approved the EO amending tariff rates on certain electric vehicles such as passenger cars, buses, minibuses, vans, trucks, motorcycles, tricycles, scooters and bicycles, among others, including electric vehicle parts and components,” NEDA said.
The EO will temporarily reduce most-favoured-nation tariff rates on fully built EV units, except hybrid-type vehicles, to zero percent for five years. Tariffs on certain electric vehicle parts and components will also be reduced from 5% to 1% for five years, to be reviewed after a year of implementation.
“The OE aims to expand market sources and encourage consumers to consider acquiring electric vehicles, improve energy security by reducing dependence on imported fuels, and promote the growth of the national ecosystem of the electric vehicle industry,” NEDA said.
NEDA’s approved guidelines on handling PPP proposals, meanwhile, aim to harmonize NEDA Board and Investment Coordinating Committee (ICC) reviews and approvals, including preparation and submission by government agencies of the projects with the joint assessment of the NEDA Secretariat, the PPP Center and the Ministry of Finance.
The guidelines, issued in accordance with section 2.10 of the revised Implementing Rules and Regulations 2022 of the Build, Operate and Transfer Act, also include an updated list of documentary requirements for solicited and unsolicited PPP proposals. solicited.
A new project funded by official development assistance and modifications to five ongoing projects were also approved on Thursday.
These have been identified as follows:
– The Philippine Fisheries and Coastal Resilience Project of the Department of Agriculture and the Bureau of Fisheries and Aquatic Resources, at a cost of 11.42 billion pesos, to improve the management of fisheries resources and increase production values in some fisheries management areas;
– A request from the Department of Transportation (DoTr) for the use of savings, modification of the scope and extension of the validity of the loan for Phase I of the Maritime Security Capacity Improvement Project;
– Another request from the DoTr for a 19-month loan extension for the project to develop new communications, navigation, surveillance and air traffic management systems;
– A request from the Department of Public Works and Highways (DPWH) for a 12-month extension of the implementation period and validity of the Samar Pacific Coastal Road project loan;
– A request from the DPWH for the modification of the scope of works, cost increase and reallocation of emergency costs to the civil works category for the Integrated Disaster Risk Reduction and Climate Change Adaptation project. climate change in low areas of Pampanga Bay; and
– A request to modify the scope of the capacity building project to promote competition from the Philippine Competition Commission.