Sheikh Hasina, Prime Minister of Bangladesh, has approved a public private partnership (PPP) law to improve the country's infrastructure.
The approved PPP law, to streamline the legal status of PPPs and foreign financing of projects, has been developed during the last three years. The new law expand the definition and process of government procurement to add concessions.
The law expects to boost, among others, the expansion of energy utilities and the development of public transportation infrastructures.
According to Afsor Uddin, CEO of Bangladesh's PPP office, Bngaldesh will have US$100 billion in infrastructure investment during the next five years.
The government of Bangladesh has Tk30 billion (US$377.3 million) to finance PPP projects through the Bangladesh Infrastructure Financing Fund (BIFF). The PPP office also has Tk1 billion (US$12.6 million) for conducting technical surveys on projects. In addition, a total of Tk4 billion (US$50.3 million) has been kept as a viability gap fund to inject money into projects.
During this summer we have reported on several PPP projects in the country: