Economic stimulus: PTI Government launches Public Private Partnership Ordinance 2019

Shares
Economic stimulus: PTI Government launches Public Private Partnership Ordinance 2019

*LAHORE - Punjab government* has promulgated the Punjab Public-Private Partnership Ordinance 2019.

According to the ordinance, a PPP policy and monitoring board would be established to promote, facilitate, coordinate, direct and oversee these projects.

The board would be headed by the Punjab chief minister and will comprise of 15 other members from different departments.

Through notification in the official gazette, the government would establish a PPP cell within the Planning and Development Board to act as a secretariat of PPP policy and monitoring board.

Besides the cell, the government will also establish ‘Punjab PPP Authority’, which would have the powers to enter into contracts and dispose of both moveable and immoveable property.