| 3 | Objectives of the PPP Framework |
i. Promote partnership between the public and private sector, by bringing a shift in managing certain infrastructure and public services Projects from direct implementation, operation, and management to other forms of government involvement such as policy approval and quality control of public services in accordance with governance requirements;
ii. Cultivate and encourage private sector interest in participating in projects to increase investment in various relevant fields, thus promoting economic and social development in the Emirate by instilling of confidence in the efficiency, transparency, and integrity of the procurement process;
iii. Utilize the financial, administrative, regulatory, technical, and technological potential and experience of the Private Sector, thus enabling community members to avail of high quality services at the lowest cost;
iv. Improve the competitive edge of Emirate of Dubai's PPP Projects in local, regional, and international markets;
v. Ensure simplicity and consistency of PPP resolutions and processes across various government department and agencies.
vi. Improve the accountability of government Stakeholders for the provision of infrastructure projects and services;
vii. Enable the Government to implement its PPP Projects in an efficient and effective manner by institutionalising the procurement of projects in a manner so as to ensure the streamlining of approval processes and provide fair and consistent procedures;
viii. Provide government agencies access to best practices across various sectors to be able to procure projects efficiently and develop PPP Project procurement and management capabilities;
ix. Establish a consistent basis for government support through tailored guarantees and security over Assets to make PPP contracts suitable for long-term private capital investment in the economy;
x. Enable the Supreme Fiscal Committee, the Department of Finance, and other approving agencies to receive standardised proposals that can be evaluated on a like-for-like basis and engender value for money; and,
xi. Ensure that government agencies receive senior level approvals at an early stage to assist in project execution; this commitment increases confidence of the private sector in infrastructure procurement in Dubai.