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Asian Development Bank & P&D Punjab jointly organizes consultative workshop on PPP's Scope in Governments.

18 May, 2018

Punjab Government is committed to bring sustainable economic growth by harnessing potential of Public Private Partnerships (PPPs). PPP policy should be enshrined in the economic growth policy where by PPPs be recognized as one of the main drivers for growth. These views were expressed by Agha Waqar Javed Member (PPP/P&D Board) at  3-day consultative workshop organized by ADB to discuss the scope of PPPs and formulate an overall strategy for implementation and recommendations for future assistance to be provided to Pakistan by ADB. The workshop was attended by over 100 delegates including Chairman P&D Board Punjab, senior government officials, economists, planners from federal and four provincial governments, and ADB staff.

On the occasion, Agha Waqar Javed, Member (PPP/P&D Board) delivered key note address and highlighted latest trends of PPPs around the globe. Speaking to audience, Javed said that in the current development paradigm, governments are focusing more on Public Private Partnerships (PPPs) to uplift the economy and meet growing infrastructure needs. He further added that most of the countries in the world are approaching 3rd Generation of PPPs with a focus on people.

He apprised that enormous potential for successful PPPs exists in Punjab as legal and institutional framework is in place. Punjab already has undertaken several flagship projects under PPP mode. But there is an utmost need to connect the missing links for harmonizing the PPPs potential. He also emphasized on the importance on building and continuously improving public and private sector institutional capacity on PPPs.

Member PPP informed that Government has joined hands with Asian Development Bank (ADB) to enhance PPPs in Punjab and signed a five year (2018-2022) USD 100 million program “Enhancing Public Private Partnership in Punjab”. Under this program, ADB would provide funding towards Viability Gap Fund (VGF) and Project Development Facility (PDF). The program also comprises of an additional USD 23.6 million DFID grant which will contribute towards capacity building of various departments as well as VGF and PDF. The project aims to enhance private sector investments and increase employment opportunities in Punjab.