News

Public Consultation on Public Private Partnership Handbook 
Posted on Tuesday, August 17, 2004 - 12:39 PM

The Ministry of Finance is launching a public consultation exercise to seek comments and feedback on a draft Public Private Partnership (PPP) Handbook. The public consultation will take place from 5 August to 15 September 2004.

PPP is a new approach that Government is adopting to increase private sector participation in the delivery of public services. With PPP, the public sector will focus on acquiring services on the most cost-effective basis, rather than directly owning and operating physical infrastructure and assets.

The private sector can look forward to providing a wider range of services to the public sector, over a longer contract period, possibly up to 30 years. An example of a PPP model is the Design-Build-Finance-Operate (DBFO) model, where the private sector is not only engaged to construct a government facility, but also to design, operate, maintain and raise financing to build the facilities that will deliver services to Government.

Further information can be found at the MoF Website.