Tk 531.55b proposed for PPP projects

The proposed budget for FY 2022-23 has allotted Tk 531.55 billion in support of the public-private partnership (PPP) as the government has 79 projects in the pipeline.

"For public-private partnership (PPP), financial assistance to different industries, subsidies, equity investments in state-owned, commercial and financial institutions, a total of Tk 53,155 crore has been proposed," Finance Minister AHM Mustafa Kamal said in his budget speech on Thursday.

The amount is 7.84 per cent of the total allocation, he said.

In order to make the PPP project implementation and the activities of the PPP authorities more robust and dynamic, the minister said steps were being taken to enact the 'PPP (Amendment) Act, 2022'.

In order to enhance the confidence of investors in the projects under PPP initiatives, investment development programmes are continuing, he said.

The legal and regulatory framework of the PPP authorities is being simplified to implement large as well as social infrastructure projects under PPP in the future, the minister noted.

"Our goal will be to build improved communications, necessary infrastructure and ensure power and energy security through increased public, private and foreign investment," the finance minister said.

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