| 4 | Components of the PPP framework |
The PPP framework components define how PPPs will be identified, assessed, prioritised, selected, approved, budgeted, procured and monitored.
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Figure 3: Components of the PPP framework |
The PPP framework will consist of the following:
PPP Policy:
• This PPP policy that outlines the Dubai government's commitment to PPPs and serves as a guidance document that articulates the rationale behind the use of PPPs, and the scope and implementing principles of the programme.
Institutional responsibilities and processes:
• The assignment of key roles and responsibilities across the lifecycle of PPP Project to government entities and Stakeholders, including a PPP unit that will be set up within the Department of Finance.
• Guidelines adapting best practices for the identification, preparation and analysis, transaction management, and contract management stages of a PPP Project, along with templates of standard documents.
Public financial management approach:
• A fiscal framework that accounts for long-term and contingent liabilities, comprises a systemic model for PPP planning and implementation, institutionalises the budgeting functionality within the Department of Finance, and provides a sustainable way to limit aggregate fiscal exposure and ensure that unsustainable or non-priority projects are postponed or rejected.
Legal framework:
• An overarching legal framework, including a PPP Law and accompanying resolutions that detail and provide further context to certain provisions in the law.