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Bangladesh Public-Private Partnership Act, 2015 (Act No. 18 of 2015).

Country/Territory
Bangladesh
Document type
Legislation
Date
2015
Source
FAO, FAOLEX
Long title
An 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