By enacting the PPP Law in September 2015, Bangladesh became one of the earlier adopters of a legislative framework to govern PPP projects. The completion of the process marks the end of a 3 year period of consultation, practitioner feedback, expert review, international benchmarking and incorporation of lessons learnt and best practice. I would like to acknowledge the contribution of public sector officials and private sector stakeholders in this process, which was vital to establish the framework needed to attract the interests of national and international investors while safeguarding public sector assets and funds.
The enactment of the PPP Law was quickly followed with the publication of the Procurement Guidelines for PPP Projects, in order to give clarity and certainty over the end to end processes applicable for identification, development, bidding and awarding of PPP projects.