01 Nov 2018

The Public Private Partnership (Amendment) Act 2018

The highly anticipated Public Private Partnership (Amendment) Act, No. 9 of 2018 (the PPP Amendment Act) was gazetted and came into force in September 2018. Earlier in the year in June 2018, we circulated a briefing analysing the proposed changes to the Public Private Partnership Act, No. 19 of 2010

12 Sep 2018

Tanzania plans to amend law on public-private partnership

The government of Tanzania on Tuesday tabled in Parliament proposed amendments to the public-private partnership (PPP) Act. The amendments were designed to resolve disputes with private entities by local courts and not by international arbitration bodies. Philip Mpango, the east African nation’s Minister for Finance and Planning, said the recommended

07 May 2018

Govt plans to rope in private players to help run PF, insurance schemes: Report

At present, trade unions backed the idea but are sceptical that involvement of private players may lessen the benefits to its subscribers under these flagship schemes The Narendra Modi-led government is weighing the option of bringing in private players to run the Employees Provident Fund Organisation (EPFO) and Employees State Insurance

06 Apr 2018

Investors in public-private partnerships fear changing state policies

Investors are reluctant to pour money into infrastructure projects under the PPP (private public partnership) mode because of fear of new policies which could lead to losses or bankruptcy. VCCI’s (the Vietnam Chamber of Commerce and Industry) head of Legal Department Dau Anh Tuan cited the example in Ba Ria

05 Jan 2018

China tightens rules on insurers’ private equity investment schemes

China’s insurance regulator issued a notice on Friday, banning insurers’ asset management arms from using private equity investment schemes as a channel to increase local government debts. Such schemes must not offer fixed returns to investors, and must not be used as a passive investment channel designed to skirt regulation,

19 Dec 2017

Romanian Govt. changes public-private partnership rules

Romania’s Government approved yesterday the new rules for the public-private partnership through an emergency ordinance. The new regulation introduces the Value for Money concept according to good international practice. This reflects the difference in cost estimation over the entire duration of the project, adjusted by the risk costs. The bill

07 Nov 2017

Romanian PM: New public-private partnership law ready next week

Romania’s Government will pass the new regulation on public-private partnership contracts through an emergency ordinance on Wednesday or next week at the latest, Prime Minister Mihai Tudose told local mayors yesterday. He also promised the local officials that a new set of laws for public purchases would be sent to

01 Sep 2017

Romanian minister: Law on PPP might be in place by October 1

The new law on public-private partnership could come into force by October 1, said yesterday Ilan Laufer, minister for the business environment. Laufer spoke at the Annual Diplomacy Meeting yesterday. “We have a new law, but it is not applicable because we have no norms,” the minister said. The public-private

05 Jun 2017

Qatar likely to issue public-private partnership law by the summer: PwC

Qatar is expected to finalise a new law governing the use of public-private partnerships (PPPs) by the summer and will likely use the model for one of its FIFA World Cup stadiums, according to a new report by global consultancy PricewaterhouseCoopers (PwC). Historically, Gulf governments have funded most of their

02 Jun 2017

NEDA asked for guidelines on which infrastructure projects are suitable for PPP

THE PPP CENTER has asked the National Economic and Development Authority (NEDA) to come up with guidelines for assessing the best mode to implement infrastructure projects after the government said it favors “hybrid” methods of financing projects instead of public-private partnerships (PPPs). The PPP scheme — the centerpiece infrastructure program