MANILA, Feb. 16 -- The implementing rules and regulations (IRR) of the Public-Private Partnership (PPP) Code will help fast-track the approval and implementation of various infrastructure projects in the country, an economist said.

"This would help expedite the evaluation, approval, and rollout process for various infrastructure projects at the national and also at the local levels, as well as with the private sector," Rizal Commercial Banking Corporation chief economist Michael Ricafort said in a Viber message on Friday.

Ricafort said the PPP Code will provide greater flexibility and will allow the private sector to be better involved in infrastructure projects.

According to Ricafort, the PPP Code will also "harmonize the various laws...