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

Big Promises, Slow Starts in Cyclone Disaster Recovery

Big Promises, Slow Starts in Cyclone Disaster Recovery

Cabinet Endorses Updated Fisheries Policy to Drive Sustainable Growth

Cabinet Endorses Updated Fisheries Policy to Drive Sustainable Growth

Liquidator Seeks Investors for Stalled Krrish Colombo Mega Project

Liquidator Seeks Investors for Stalled Krrish Colombo Mega Project

Vehicle Import Boom Fades as 2026 Brings Fiscal Reality

Vehicle Import Boom Fades as 2026 Brings Fiscal Reality