Balochistan Public Private Partnership Act, 2021 (Act No. XXV of 2021).
Country
Type of law
Legislation
Abstract
The Act provides on the establishment of the Public Private Partnership (PPP) Board and institutional arrangement that shall be constituted to promote, approve and supervise PPP projects in the Province. The Act further elaborates on the functions of the PPP Board and establishment of the PPP Unit and Authority and allocation of PPP Authority fund. The PPP Authority is responsible for initiating, developing, and executing PPP Agreements with concessionaires, following a structured process that involves project identification, prioritization based on value for money, technical, financial, and socio-economic viability over the expected duration of the project, environmental impact assessment analysis, risk assessment and approval by the Executive Committee or PPP Board. PPP Agreements shall include among others environmental and safety requirements. The Government may provide support for PPP projects through administrative assistance in obtaining necessary licenses and clearances, facilitating utility connections, land acquisition, rehabilitation efforts, and leasing or licensing of government-owned assets. Additionally, in certain cases, the Government may offer equity in the form of land or infrastructure facilities, evaluated based on market value or projected future cash flows, subject to approval by the PPP Board as outlined in the PPP Rules.
The Act consists of 34 Articles divided into 5 Chapters as follow: Preliminary (1); PPP Institutional Arrangements (2); PPP Processes (3); Financing (4); and Miscellaneous (5).
The Act consists of 34 Articles divided into 5 Chapters as follow: Preliminary (1); PPP Institutional Arrangements (2); PPP Processes (3); Financing (4); and Miscellaneous (5).
Attached files
Long title of text
An Act to create an enabling environment for private sector participation in the provision of infrastructure projects and delivery of related services in Balochistan through public private partnership projects.
Date of text
Repealed
No
Source language
English
Legislation Amendment
No