PPP Office Organizes Round Table discussion with Development Partners
Posting Date: 9 October, 2013
The Public Private Partnership Office (“PPP Office") organized a round-table discussion with multilaterals and development partners including the World Bank, JICA, IFC, DFID, CIDA and GIZ, to provide them with an update on the progress made on implementing the PPP program in Bangladesh. The discussion was held on October 09, 2013, at the PPP Office conference room chaired by Mr. Syed Afsor H. Uddin, CEO, PPP Office.
The CEO of the PPP Office welcomed the participants to this forum, which formed part of PPP Offices regular communication updates to all of its stakeholders. At the outset of the presentation, the CEO emphasized how the concept of PPP had throughout the world rapidly evolved as a key fiscal tool for government to support the development of much needed infrastructure and the delivery of essential public services. PPP is now a global concept supported by both governments and development partners to promote infrastructure development on a long term sustainable basis.
In the Bangladesh context, the revised and enhanced PPP program had been launched in 2009 to play a catalytic role in increasing infrastructure investments from 2.0% to 6.0% of GDP during the 6th five year plan period (FY2011-15), with 77.0% of the investments targeted to come from the private sector. The early signs of success of the enhanced PPP program can be seen from the rapid increase in the PPP pipeline of a handful of projects in 2011 to around 34 PPP projects which now currently been identified by the PPP Office entailing a potential investment of around USD12 billion.
To continue the positive momentum and deliver the role of all stakeholders including the development partners will be pivotal. The CEO, PPP Office highlighted ongoing continuing support from the development partners and then elaborated on the various steps taken to foster more collaboration with development partners to drive the PPP agenda of the country.
The development partners were appreciative of the current developments and showed their keen interest for providing full support to the PPP program in Bangladesh and extend their assistance to the PPP Office in promoting and implementing the PPP model.