Tk 30b proposed for PPP
Friday, 11 June 2010
FE Report
The Finance Minister AMA Muhith Thursday in his budget statement said the government has proposed Tk 30 billion for the Public-Private Partnership (PPP) for the fiscal 2010-11.
The finance minister, however, admitted that the government could not achieve expected results from the PPP initiative.
"In the absence of an integrated policy on PPP, there was, hardly any investment made in this sector last year," Mr Muhith added.
He disclosed that agreements have been signed to construct four power plants on rental basis with a capacity of 300MW and two 200 MW peaking power plants under the PPP.
Five land ports out of the 13 commissioned under the PPP have begun their operations, the Finance Minister added.
"Steps have been taken to run the management of New Mooring Container Terminal at Chittagong and another one at Mongla under the joint public and private ownership," Muhith added.
Mr Muhith said a list of 23 projects under PPP had been presented in ADP of FY2009-10.
He said PPP guidelines incorporating new policies, strategies and procedures for selection and approval of projects have been prepared replacing the existing regulatory framework.
"Steps are being taken to establish a PPP Office and to engage a group of suitable experts to run this office," Muhith said.
"I strongly believe that from next year onward, with much wider participation of private sector, adoption and implementation of projects will gather pace under the new strategies and policies of the PPP initiative," Muhith added.
In 2009-10, the government allocated Tk 25 billion for the support of the PPP.
The Finance Minister AMA Muhith Thursday in his budget statement said the government has proposed Tk 30 billion for the Public-Private Partnership (PPP) for the fiscal 2010-11.
The finance minister, however, admitted that the government could not achieve expected results from the PPP initiative.
"In the absence of an integrated policy on PPP, there was, hardly any investment made in this sector last year," Mr Muhith added.
He disclosed that agreements have been signed to construct four power plants on rental basis with a capacity of 300MW and two 200 MW peaking power plants under the PPP.
Five land ports out of the 13 commissioned under the PPP have begun their operations, the Finance Minister added.
"Steps have been taken to run the management of New Mooring Container Terminal at Chittagong and another one at Mongla under the joint public and private ownership," Muhith added.
Mr Muhith said a list of 23 projects under PPP had been presented in ADP of FY2009-10.
He said PPP guidelines incorporating new policies, strategies and procedures for selection and approval of projects have been prepared replacing the existing regulatory framework.
"Steps are being taken to establish a PPP Office and to engage a group of suitable experts to run this office," Muhith said.
"I strongly believe that from next year onward, with much wider participation of private sector, adoption and implementation of projects will gather pace under the new strategies and policies of the PPP initiative," Muhith added.
In 2009-10, the government allocated Tk 25 billion for the support of the PPP.