ZCZC
BSS-18
CABINET-PPP-ACT
Cabinet okays draft of PPP (amendment) Law, 2019
DHAKA, Nov 11, 2019 (BSS) – The cabinet today approved in principle the
draft of “The Bangladesh Public-Private Partnership (PPP) (amendment) Law,
2019” keeping a provision of undertaking and implementing the G2G (government
to government) projects in the existing act.
The approval came from the weekly cabinet meeting held at Bangladesh
Secretariat here this afternoon with Prime Minister Sheikh Hasina in the
chair.
After the meeting, Cabinet Secretary Khandker Anwarul Islam briefed
reporters.
He said “The Bangladesh Public-Private Partnership (PPP) Act, 2015” was
framed to create a partnership with private sector by attracting local and
foreign investment aimed at improving living standard of the people and
expediting the country’s socioeconomic progress as well as building
infrastructures.
“Under the existing law there was no provision about the G2G schemes. But
after the introduction of the PPP Act, 2015 the government took initiatives
for execution of the PPP projects (G2G PPP) with various countries,” the
cabinet secretary said.
He said memorandums/cooperation of understanding have already been signed
with Japan, Singapore, South Korea and Dubai under the “Policy for
Implementing PPP Projects through Government to Government (G2G)” and other
counties have also shown their interest to undertake schemes in this process.
“Against this backdrop, the sub-sections 2 (6 Ka), 13 (3) and 13 (4) have
been incorporated in the Section 8 of the proposed law for inclusion of the
issue of undertaking and implementation of the G2G projects,” Islam said.
MORE/SH/RY/1618 hrs