In an increasingly competitive global environment, most developed countries focus on new ways offinancing infrastructure development and delivering services, such as Public Private Partnerships (PPPs). Public Private Partnershipsbeing a new concept in most of Northern corridor Countries, there are no clear guidelines and procedures for its implementation and projects monitoring and Northern Corridor Member States are yet to fully comprehend and utilize such financing methods.
The Northern Corridor Regional Transport Infrastructure Program requires substantial private and public investment to cope with the rising regional trade volumes.
Studies have shown that there is great potential in terms of demand and financial resources for application of PPP in transport infrastructure development in the region. In addition, the PPP regulatory as well as legal environment has in the recent past received a boost by enactment of PPP laws.
PPP is viewed as one of the avenues of mobilizing and leveraging resources from Private Sector for financing projects in various sectors. But however, PPP being a new concept in most of Northern corridor Countries, there are no clear guidelines and procedures for its implementation and projects monitoring.
In collaboration with East African Chamber of Commerce, Industry and Agriculture (EACCIA), the Northern Corridor Transit and Transport Coordination Authority (NCTTCA) has initiated a program of promoting PPP as a mechanism for procuring and financing infrastructure and other interrelated investments. The proposed program aims to build the capacity of Northern Corridor countries in developing policy and legal frameworks, identification, management and delivery of PPP projects.
This PPP handbook, guideline document and reference book seeks to contribute to filling current information, knowledge, technical capacity, institutional, and investment and service gaps in the area of public-private partnerships in the infrastructure sector of the six countries (Burundi, Democratic Republic of Congo, Kenya, Rwanda, South Sudan and Uganda) linked tot he Northern Corridor.
With this new tool, regional Public Sector and Private Sector Stakeholders will get conceptual knowledge enabling them to articulate and implement effective PPP policies, strategies and programs, efficiently plan and manage PPP projects and maximize local content and local private sector participation in the regional and national PPP projects.
The Study to produce the Northern Corridor PPP Guidelines & handbook tool was carried out with financial support from European Union through Business Climate initiative (BizClim). (Ends).
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