Bangladesh Public-Private Partnership Act, 2015 (Act No. 18 of 2015). Country/Territory Bangladesh Document type Legislation Date 2015 Source FAO, FAOLEX Long titleAn Act to provide for the legal framework for creation of public-private partnerships by involving private sector participation along with public sector and attracting local and foreign investment upon connecting Bangladesh with the global economy to ensure extensive investment in infrastructure in different sectors in order to fulfill the basic needs of the people of Bangladesh and to expedite socio-economic development in the interest of improvement of their living standard, and for establishment of a reliable Authority in this behalf and the matters ancillary thereto. Subject Agricultural & rural development Keyword Public private partnership (PPP) Institution Agricultural development Credit Financial agricultural measures Legal proceedings/administrative proceedings Geographical area Asia, Asia and the Pacific, Indian Ocean, Least Developed Countries, South Asian Seas, Southern Asia Entry into force notes This Act enters into force immediately. Abstract The Act, consisting of 49 sections divided into seven Chapters, establishes the Public Private Partnership Authority (PPP Authority) as a statutory body with the power to acquire, hold and dispose of property, both movable and unmovable. The power and functions of the PPP Authority are as follows: promulgating, approving, publishing in the Gazettes and issuing PPP related policies, regulations, directions, and guidelines; providing decisions on the financial participation and provision of incentives for PPP projects by Government; providing necessary direction to the contracting authority; resolving any constraints or difficulty in implementation of PPP projects: providing opinion on matters relating to PPP projects; framing technical and best practice requirements. pre-qualification and bid documents; developing model PPP contracts and obtaining vetting; giving consent on PPP project matters; determining the process for selection of private partners; approving the selected bidder for PPP projects; approving the termination of PPP contracts. where applicable; approving model PPP contracts; assisting in PPP project activities; etc. Full text English/Bengali Website bdlaws.minlaw.gov.bd; https References - Legislation Amended by Bangladesh Public-Private Partnership (Amendment) Act, 2023 (No. 19 of 2023). Legislation | Bangladesh | 2023 Keyword: Public private partnership (PPP), Contract/agreement, Governance, Institution, Royalties/fees Source: FAO, FAOLEX