The current Government has undertaken 5 strategic actions in order to transform the present PPP framework to a fast and attractive PPP initiative which can ensure extensive participation of private sector in infrastructure development. They are:
• Reforming the guidelines and institutional framework stated in the present PSIG 2004.
• A dedicated unit for PPP budget formulation and implementation (under process).
• Significant budgetary allocation for the PPP in FY 2009-10 budget.
• Provide tax incentive to investors.
• Extensive and continuous publicity of the new PPP initiative.
Steps have been undertaken to amend the Private Sector Infrastructure Guidelines (PSIG) 2004 as well as the framework of Private Infrastructure Company (PICOM) under it. Under the amended PSIG a dedicated PPP unit with budget provision for PPP projects will be effective.