Sri Lanka is to setup a separate division for Public Private Partnerships (PPP) under the Treasury with experts to support and advice on PPP projects.

The new unit will be initially comprised of 17 experts who will be recruited for a period of 3 years. Managing project selection, implementation and providing project transaction advice are the main objectives expected to be achieved through this unit.

The division will also provide oversight in execution, transparency, good governance, formulation of polices and recommendations to Cabinet Committee on Economic Management.

Finance Ministry said:

“The necessity of a central division has arisen for assisting, advising and facilitating the activities of PPPs to be implemented in the country.”

“This will be the first step of leveraging the maximum number of solicited and unsolicited proposals brought forward for PPPs.”