US helps Sri Lanka do PPP national policy, regulations
ECONOMYNEXT – The United States is helping Sri Lanka prepare a national policy and strategy on Public Private Partnerships (PPPs) and change its laws and regulations, the American envoy has said.
Governments across the world are emphasizing the use of PPPs to help deliver public services to meet the huge demand for public services, including infrastructure, U.S. Ambassador to Sri Lanka Atul Keshap said.
These PPPs may take several forms – from simple contracts to more complex build operate-transfer agreements, he told a national conference on Public Private Partnerships held by the finance ministry with United States Agency for International Development (USAID) support.
“USAID is working closely with a host of government agencies in Sri Lanka to help them meet their democratic and economic reform goals,” Keshap said.
“We recently helped the Department of Public Finance of the Ministry of Finance to publish a report on PPPs and to develop a roadmap to assess the current legal, regulatory, and business environment around PPPs in comparison to international best practices.
“Taking the report and the roadmap as a base, we are helping the government to create a PPP framework. We are also helping them to implement some of the recommendations included in the report such as setting up a national PPP unit and a national PPP committee, the development of a national policy and strategy on PPPs, and assistance with revisions to the legal and regulatory framework.”
Keshap said the public-private partnership model combines the assets and experience of strategic partners, by leveraging their capital and investments, creativity and access to markets, to solve complex problems faced by governments, businesses, and communities around the world.
The Sri Lankan Government, he said, is in the forefront of establishing PPPs, having done 70 partnerships since the 1990s with an investment value of more than USD 6 billion in the electricity, telecommunications, ICT and ports sectors.
“Promoting PPPs is one of U.S. Government’s key agendas,” Keshap said.
“By providing training and capacity building in the areas of public private partnerships and electronic government procurement we will be helping to create a stronger PPP enabling environment which will encourage future private sector involvement in PPPs.”
(COLOMBO, Sept 26, 2016)