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

US Tariff Cut Not Enough: Sri Lanka’s Seafood Exports Struggle to Stay Afloat

US Tariff Cut Not Enough: Sri Lanka’s Seafood Exports Struggle to Stay Afloat

Apparel Industry Warns of Cost Hike amid Renewed Threat of Hidden Port Charges

Apparel Industry Warns of Cost Hike amid Renewed Threat of Hidden Port Charges

Sri Lanka Rises in Global Investor Rankings as FDI Momentum Builds in 2025

Sri Lanka Rises in Global Investor Rankings as FDI Momentum Builds in 2025

SLPA Sets Up New Company for Colombo Port’s East Terminal amid Delays and Irregularities

SLPA Sets Up New Company for Colombo Port’s East Terminal amid Delays and Irregularities