2.1 The GoB got the PPP Act passed by Parliament as part of the Vision 2021 goal to ensure a more rapid, inclusive growth trajectory, and to better meet the need for enhanced, high quality public infrastructure services in a fiscally sustainable manner. The PPP Act was enacted with the objective of providing a robust legal framework to attract the interest of national and international private sector investors to join in partnership with the Government in building and upgrading public infrastructure assets, supporting the growing economy in a sustainable manner and developing public services that are vital for the people of Bangladesh.
2.2 The 7th Five Year Plan (FY 2016 - FY 2020) of GoB includes targets such as GDP growth acceleration, employment generation and rapid poverty reduction. The Government has identified PPP as a mechanism which will play a significant role in achieving the targets of 7th Five Year Plan and the Vision 2021 goal of Bangladesh becoming a middle-income country by 2021 and a developed country by 2041.