Republic Act No. 6957.

This Act is enacted to for the purposes of at authorizing the financing, construction, operation and maintenance of infrastructure projects by the private sector, and for other purposes. 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 incentives to mobilize private resources for the purpose (Sec.1 ). All government infrastructure agencies are hereby authorized to enter into contract with any duly prequalified project proponent for the financing, construction, operation and maintenance of any financially viable infrastructure facilities through the build-operate-and-transfer or build-and-transfer scheme (Sec.3).
The Act further makes provisions for: priority projects, public bidding of projects, repayment scheme, contract termination and adjustment, project supervision, etc.