Parliament takes the Public Private Partnership Bill, 2016 through the second reading



parl

Parliament has taken the Public Private Partnership (PPP) Bill, 2016 through the second reading.

The passage of the bill would boost Investor confidence and foster Private Sector Participation in (PPP) in the provision of Public Infrastructure And Services.

The Bill seeks to establish a legal framework for the Development, Implementation and Regulation of Public Private Partnership Arrangements and Projects between Public Institutions And Private Entities for the provision of Public Infrastructure And Service.

Public Private Partnership is a contractual relationship that enables the Public Sector to harness the expertise and efficiencies of the Private Sector, in the delivery of certain facilities and services traditionally procured and delivered by Public Institutions. Moving the motion for the second reading,

The Deputy Minister for Finance and Economic Planning, Monah Quartey, said the Bill is structured in such a way as to attract huge amounts of investments from The Private Sector.

Presenting the report of the joint Committee on Finance and Constitutional, Legal and Parliamentary Affairs, the MP for Yilo Krobo and Chairman of the Constitutional, Legal And Parliamentary Affairs Committee, Magnus Kofi Amoatey, said, the Bill will help improve on PPP’s policy, in the Country.

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