Public Private Partnership Policy of Grenada 2014.

The Public Private Partnership Policy is a national policy with a multi-sectoral approach. The overall purpose of this Policy is to improve the quality, resilience, and sustainability of public assets and services and economic and social infrastructure across the country. The key economic policy objectives are boosting growth and job creation, while improving fiscal and debt sustainability by achieving greater efficiency in the public sector. This Policy lays down criteria for the PPP projects to achieve the potential benefits of using PPPs in practice. Priority public investment projects will be implemented in a range of sectors through PPPs to meet the basic needs of the people and enable growth, as well as managing Government-owned assets or lands with potential for development in key sectors such as agriculture and tourism. PPP programmes will be carried out in key sectors to make the best use of the financial and technical resources of the public and private sectors for enabling high-quality, responsive, resilient, and sustainable public assets and services. The PPP programme will be monitored by a PPP Steering Committee. A PPP Core Team will be designated by the Ministry of Finance to act as secretariat to the Steering Committee, and as a focal point for day-to-day management of the PPP programme. The relevant Ministry or Government agency will be responsible for each PPP initiative which will be implemented by a multi-agency project team. Proposed PPPs will be reviewed and approved by Cabinet at key stages in the development process.