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(A Company Established under Section 42 of
the Company’s Ordinance 1984)
Sponsored by the Ministry of Finance,
Government of Pakistan
Facilitating and Promoting Viable,
Sustainable and Affordable Public Private
Partnerships in Pakistan
The Government recognizes the importance
of improving and expanding infrastructure services for sustaining economic and
social development in its Medium Term Development Framework (2005-2010) (MTDF).
Improved quality and service coverage in power and water supply, sewerage
treatment, transport and logistics are vital for Pakistan’s economy and the
livelihood of its people. Tight fiscal constraints require innovative
approaches - away from the traditional role of the Government as the service
provider - to ensure that the massive investment needs are financed with the
assistance of the private sector. The Government estimates that less than 50%
of the infrastructure investment needs can be covered by public funds under the
MTDF.
In order to facilitate private investment,
the Ministry of Finance, Government of Pakistan, established the Infrastructure
Project Development Facility (IPDF) in May 2006 to facilitate the preparation
and closure of PPP transactions between public sponsors and private investors
and to determine the funding gap for public funding for making transactions
viable while minimizing the cost for the public
through
competitive bidding.
IPDF will provide expertise and hands on
support to Implementing Agencies (line ministries, provincial Governments,
local bodies, and state owned enterprises) in improving their PPP proposals,
preparing them for tendering, and supervising the bidding process without
becoming a contract signatory to a transaction.
A PPP policy Task Force (TF) composed of
senior officials from Ministries and provinces, and advisors from the private
sector, has been established. The TF will have a secretariat housed in the IPDF
to coordinate its activities.
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