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