Bangladesh Public-Private Partnership Act, 2015 (Act No. 18 of 2015).
Country
Type of law
Legislation
Abstract
The Act, consisting of 49 sections divided into seven Chapters, establishes the Public Private Partnership Authority (PPP Authority) as a statutory body with the power to acquire, hold and dispose of property, both movable and unmovable. The power and functions of the PPP Authority are as follows: promulgating, approving, publishing in the Gazettes and issuing PPP related policies, regulations, directions, and guidelines; providing decisions on the financial participation and provision of incentives for PPP projects by Government; providing necessary direction to the contracting authority; resolving any constraints or difficulty in implementation of PPP projects: providing opinion on matters relating to PPP projects; framing technical and best practice requirements. pre-qualification and bid documents; developing model PPP contracts and obtaining vetting; giving consent on PPP project matters; determining the process for selection of private partners; approving the selected bidder for PPP projects; approving the termination of PPP contracts. where applicable; approving model PPP contracts; assisting in PPP project activities; etc.
The Act is divided as follows: Preliminary (Chap. I); Establishment of the PPP Authority (Chap. II); Taking up and Approval of the PPP Project (Chap. III); Selection of the Private Partner (Chap. IV); Corruption and Conflict of Interest (Chap. V); Terms and Conditions of Partnership Contracts (Chap. VI); Miscellaneous (Chap. VII).
The Act is divided as follows: Preliminary (Chap. I); Establishment of the PPP Authority (Chap. II); Taking up and Approval of the PPP Project (Chap. III); Selection of the Private Partner (Chap. IV); Corruption and Conflict of Interest (Chap. V); Terms and Conditions of Partnership Contracts (Chap. VI); Miscellaneous (Chap. VII).
Attached files
Long title of text
An Act to provide for the legal framework for creation of public-private partnerships by involving private sector participation along with public sector and attracting local and foreign investment upon connecting Bangladesh with the global economy to ensure extensive investment in infrastructure in different sectors in order to fulfill the basic needs of the people of Bangladesh and to expedite socio-economic development in the interest of improvement of their living standard, and for establishment of a reliable Authority in this behalf and the matters ancillary thereto.
Date of text
Entry into force notes
This Act enters into force immediately.
Repealed
No
Source language
English
Legislation Amendment
No