New legal framework for Public-Private partnerships to be developed

Date:

July 31, Colombo (LNW): The National Agency for Public-Private Partnership (PPP) is set to collaborate with international organisations to create and manage PPP programmes, according to Cabinet Spokesman and Mass Media Minister Dr. Bandula Gunawardhana.

Speaking at a Cabinet media briefing, he emphasised the need for legal validation to enhance the agency’s effectiveness and the importance of establishing a legal framework for partnership agreements.

The Cabinet has approved a proposal by the President, acting as the Minister of Finance, Economic Stabilisation, and National Policies, to instruct the legal Draftsman to prepare a Bill to facilitate these initiatives.

Share post:

spot_imgspot_img

Popular

More like this
Related

Sri Lanka Tourism’s Race against Time to Hit 2025 Goals

Sri Lanka’s tourism industry is celebrating a symbolic milestone,...

Browns Investments PLC Expands Maldives Footprint with $57.5m Deal

Browns Investments PLC, the leisure and investment arm inside...

JVP/NPP Backs Refinery Deal it once blocked: Ranwala Saga Haunts Credibility

Sri Lanka’s Sapugaskanda oil refinery, a project long strangled...

Sri Lanka’s Foreign Investment Target: Ambitions Outpace Reality

As Sri Lanka navigates its post-crisis recovery, foreign direct...