Public Private Partnership Act (No. 4 of 2017).

This Act provides with respect to initiation, preparation, procurement, management and implementation of public private partnership projects. It establishes the Public Private Partnership Committee, defines its functions and powers. The objects of this Act are to - (a) promote private sector participation in the provision of public services through public private partnership projects; (b) enable private sector investment in the provision of public infrastructure assets or services; (c) to create frameworks and ensure oversight and governance on projects selected for development through the public private partnership mode; (d) enable the creation of adequate institutional capacity for processing and regulating public private partnership projects; (e) ensure fairness, transparency, equity and competition in the process of awarding public private partnership projects; and (f) provide for principles, framework and guiding procedures to assist public entities during the initiation, preparation, procurement, management and implementation of public private partnership projects.
The Committee shall, among other things, (a) provide for transaction approvals in respect of public private partnership projects; (b) develop best practice guidelines in relation to all aspects of public private partnership projects. The Act prescribes that a PPP management agreement must be concluded, a feasibility assessment and a management plan be prepared and a management team te established before initiation of a project, and provides with respect to dispute resolution.