A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
A Brief Colonial History Of Ceylon(SriLanka)
Sri Lanka: One Island Two Nations
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Thiranjala Weerasinghe sj.- One Island Two Nations
?????????????????????????????????????????????????Tuesday, August 1, 2017
CCC presents recommendations to FM to fast-track PPPs under new agency
Tuesday, August 1, 2017
The Ceylon Chamber of Commerce’s (CCC) National Agenda Committee (NAC)
on Infrastructure presented a set of recommendations on fast-tracking
Private-Public Partnerships (PPP) to Minister of Finance and Media
Mangala Samaraweera recently and highlighted the need for a robust
institutional and operational set up for the new PPP agency.
At a meeting held recently, the group presented their recommendations to
the Minister and Ministry officials A. R. Desapriya (Deputy Secretary
to the Treasury), K. A. Vimalenthirarajah (Director General of the
Department of Trade and Investment Policy) and Deshal De Mel (Economic
Advisor to the Ministry of Finance) and discussed priority issues to be
tackled and ways of collaborating to advance the PPP investment agenda
in Sri Lanka.
The NAC on Infrastructure first made representations to the Ministry of
Finance in October 2016, on the need for PPPs and to establish a robust
mechanism for dealing with PPPs in a transparent and profitable manner.
This subsequently saw the setting up of a PPP unit and a national PPP
initiative, which was launched amidst 100 foreign investors at the
Chamber’s Investment and Business Conclave 2017 held recently.
The Committee’s latest set of recommendations which focussed on
developing guidelines to ensure efficient collaboration between the PPP
unit and line ministries; prioritization of projects through developing a
robust project pipeline; ensuring a fair, transparent and well managed
procurement process; as well as implementing an effective communication
strategy were well received by Minister Samaraweera.
The Chamber Committee and Ministry officials pledged to collaborate
closely to promote PPP investment opportunities among domestic and
international investors through the CCC.
The NAC on Infrastructure comprises leaders in private and public
sectors with experience in infrastructure development, as well as
representatives of multilateral development agencies. Since last year,
the NAC has been continuously lobbying for the facilitation and
fast-tracking of PPPs.