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Publish Date : 05-Sep-2015

Prime minister of Bangladesh, Sheikh Hasina, has sanctioned a proposed law to streamline the legal status of private-public partnerships (PPP) to fund infrastructure.

The law has been sent to Bangladesh's parliament and state officials hope it is approved this month.

Syed Afsor Uddin, CEO of the PPP Office, which reports to the prime minister's cabinet, "We have been working on the PPP law for the past three years."

He said this at FinanceAsia's Bangladesh Investment Summit, held in Singapore on 1st September.

He said, "Inshallah, in the next 10 days it will go to Parliament and be implemented."

The law has mundane technicals: it will expand the definition and process of state procurement to include concessions.

Presently the only legal basis for procurement is for goods and services, which has proven inadequate for developing infrastructure using private capital and business acumen.

Getting Bangladesh's PPP programme up and running is vital, but, not just for development but also for political stability.

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