Seven $1.5bn PPP projects sealed
Published On July 23, 2024 » 624 Views» By Times Reporter » Latest News
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By JOSEPH BANDA –
THE Government has signed seven Public Private Partnership (PPP) projects valued at US$ 1.5 billion between 2021 and 2024, as an alternative financing tool, the Medium Term Budget Plan (MTBP) and the 2025 budget Green Paper has said.
Over the medium term, 2025 – 2027, the Government intends to continue with the use of PPPs as an alternative financing tool.
It says to enhance the effectiveness of PPPs, the PPP Act was repealed to provide a strong regulatory and institutional framework to ensure efficient and transparent processes.
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