Public-private partnership Bill tabled in Parliament - kenyadetails

A Bill that seeks to make it easier for the private sector to participate in government projects was tabled in Parliament last week.

The Public Private Partnership Bill 2012, tabled by Finance minister Mr Njeru Githae if passed, will see establishment of a committee to oversee the partnerships.

 It will be the first comprehensive guide on how private sector players can engage the government and participate in development of infrastructure and other projects.

Experts have argued that lack of clear guidelines on public-private partnerships has hindered private sector investors from investing in government projects like road construction and energy.

Among the projects that the government has indicated it will rely on public-private partnerships include the multi-billion Lamu Port Southern Sudan Ethiopia Transport (Lapset) corridor.

In its Vision 2030, the government envisages rapid expansion of infrastructure and expects public-private partnerships to be among the approaches that would enable the realisation of turning the country into a medium status economy in 18 years.

The committee will be charged with formulating policy guidelines on public-private partnerships.

It will also review the legal, institutional and regulatory framework of public-private partnerships.

It would also address the sharing of revenues between the government and the private investors where appropriate.