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Big Projects now in PPP Model

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Big Projects now in PPP Model
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March 3: The government has presented the Public-Private Partnership and Investment Bill in parliament in order to include the private sector in big projects.

The bill proposes bringing the private sector on board in projects like tunnel ways, cable car, railway, metro rail, monorail, trolley bus, waterways transport, airport construction among others.

The government has said it prepared this bill to attract domestic and foreign investment for infrastructure development under the Public-Private Partnership (PPP) model.

According to the bill, the private sector can undertake projects worth Rs 6 billion and more after getting permission from the Investment Board.

The bill proposes safeguarding the investment of the private sector.

The private sector itself has to manage land for these projects and need to pay compensation itself. The bill also proposes loan or grant to such projects from the Ministry of Finance, if needed.

The provincial and local governments will also have to bear responsibilities in the national-level projects.

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