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Punjab Public Private Partnership Act, 2019 (Act No. XXX of 2019).

Country/Territory
Pakistan
Territorial subdivision
Punjab
Document type
Legislation
Date
2019
Source
FAO, FAOLEX
Long title
An Act to foster an enabling environment for private sector participation in development in the Punjab through public private partnership.
Subject
General
Keyword
Public private partnership (PPP) Business/industry/corporations Institution Legal proceedings/administrative proceedings
Geographical area
Asia, Asia and the Pacific, Indian Ocean, South Asian Seas, Southern Asia
Entry into force notes
This Act enters into force immediately.
Abstract

This Act, consisting of 54 sections divided into four Chapters, aims to foster an enabling environment for private sector participation in development in the Punjab through public private partnership. In particular, it aims to create an enabling environment to promote the private sector participation and investment in partnership with the public sector for provision of public infrastructure and services for accelerated economic growth; to bridge the gap in demand and supply of public infrastructure and services; to harness the substantive role of public private partnership as a means of mobilizing private sector funding, resources and expertise; and for any related matters. It establishes a Public Private Partnership Policy and a Monitoring Board of the Authority to promote, facilitate, coordinate, direct and oversee Public Private Partnership projects. In addition, it establishes a PPP Cell in the Planning and Development Board of the Government to act as Secretariat of the Board, as well as the Punjab Public Private Partnership Authority, entitled to take necessary steps for the implementation of the provisions of the Act and to achieve its objectives.

Full text
English
Website
www.punjablaws.gov.pk