The private finance initiative (PFI) was a United Kingdom government procurement policy aimed at creating "public–private partnerships" (PPPs) where private firms are contracted to complete and manage public projects. Initially launched in 1992 by Prime Minister John Major, and expanded considerably by the Blair government, PFI is part of the wider programme of privatisation and financialisation, and presented as a means for increasing accountability and efficiency for public spending.
A public–private partnership is a long-term arrangement between a government and private sector institutions. Typically, it involves private capital financing government projects and services up-front, and then drawing revenues from taxpayers and/or users for profit over the course of the PPP contract. Public–private partnerships have been implemented in multiple countries and are primarily used for infrastructure projects. Although they are not compulsory, PPPs have been employed for building, equipping, operating and maintaining schools, hospitals, transport systems, and water and sewerage systems.
James Michael Flaherty was a Canadian politician who served as the federal minister of finance from 2006 to 2014 under Conservative Prime Minister Stephen Harper.
Bangladesh–India relations are the bilateral relations between the People's Republic of Bangladesh and the Republic of India, both of which are South Asian neighbours. Diplomatic relations between the two countries formally began in 1971 with India's recognition of an independent Bangladesh following India helping Bangladesh secure its independence during the Bangladesh Liberation War against Pakistan. On 6 December, Bangladesh and India celebrate Friendship Day commemorating India's recognition of Bangladesh and the continued friendship between the two countries.
The Bangladesh Export Processing Zones Authority (BEPZA) is an agency of the Government of Bangladesh and is administered under the jurisdiction of the Prime Minister's Office. Its objective is to manage the various export processing zones in Bangladesh. BEPZA currently oversees the operations of eight export processing zones (EPZ). A ninth zone is scheduled to open in the future. Recently government has announced that in 15 years 100 new EPZ and SEZ will be established. Major General Abul Kalam Mohammad Ziaur Rahman, ndc, psc is the current Executive Chairman of BEPZA. The Government provides numerous incentives for investors for opening factories in EPZs. For example, new factories enjoy tax holidays for 5 years. Also, labour unions and other activities that are often viewed detrimental to productivity, are banned inside the EPZs. In order to stimulate rapid economic growth of the country, particularly through industrialization, the government has adopted an 'Open Door Policy' to attract foreign investment to Bangladesh. The BEPZA is the official organ of the government to promote, attract and facilitate foreign investment in the EPZs. Besides, BEPZA as the competent Authority performs inspection & supervision of the compliances of the enterprises related to social & environmental issues, safety & security at work place in order to maintain harmonious labour-management & industrial relations in EPZs. The primary objective of an EPZ is to provide special areas where potential investors would find a congenial investment climate free from cumbersome procedures. Bangladesh's export revenue in FY23 is $55.55 billion, the highest amount ever.
Several policies regarding interior and domestic issues in Canada were planned and adopted by the Cabinet of Canadian Prime Minister Stephen Harper, after he came to office as the head of a minority government on February 6, 2006. At the beginning of the government's appointment, five policy priorities were identified in the areas of federal accountability, tax reform, crime, child care and health care.
Jawaharlal Nehru National Urban Renewal Mission (JNNURM) was a massive city-modernization scheme launched by the Government of India under the Ministry of Urban Development. It envisaged a total investment of over $20 billion over seven years. It is named after Pt. Jawaharlal Nehru, the first Prime Minister of India. The aim is to encourage reforms and fast track planned development of identified cities. Focus is to be on efficiency in urban infrastructure and service delivery mechanisms, community participation, and accountability of ULBs/ Parastatal agencies towards citizens.
Morrison is a specialist global infrastructure manager, investing in both private and listed markets, with offices in New Zealand, Australia, United Kingdom, United States and Singapore.
Port City Colombo, is a multi-services special economic zone located in Colombo, Sri Lanka, which is currently under construction on reclaimed land adjacent to the Galle Face Green. The land reclamation work had been completed as of January 2019. In 2017, the cost was slated to be US$ 15 billion. Port City Colombo is a multi-billion-dollar FDI-funded Public Private Partnership (PPP).
Public–private partnerships in transition economies have become increasingly popular since 1990. They are based on the experience of Public- Private Partnerships (PPPs) in developed countries since the model again became popular in the 1980s. PPP has yet to prove that it is appropriate in transition economies because of political and economic differences.
Salman Fazlur Rahman is a Bangladeshi businessman, and a member of the Jatiya Sangsad. He is the Private Industry and Investment Adviser to Bangladesh Prime Minister Sheikh Hasina in the rank of a cabinet minister. Earlier, he served as the private sector development affairs adviser to her. He was ranked 1685th on the list of billionaires in the world published by Beijing-based Hurun Gobal in 2017. He is the vice chairman of BEXIMCO Group, one of the largest conglomerates in Bangladesh. He was the president of several trade bodies including Association of Television Channel Owners (ATCO).
The Kampala–Jinja Expressway, also known as the Jinja–Kampala Expressway, is a proposed four-lane toll highway in Uganda, linking Kampala, the capital and largest city of Uganda, with the city of Jinja in the Eastern Region of Uganda.
Muhammed Aziz Khan, PBM, is a Bangladeshi industrialist, founder and chairman of the Summit Group, one of the largest conglomerates in Bangladesh, whose power projects generate nearly 20% of Bangladesh's electricity. Khan has led Summit Group from starting as Bangladesh's first private sector power producer to a diversified group with investments across power, energy trading, port, telecommunications, hospitality and real estate. He is the 42nd richest person in Singapore.
The Bangladesh Economic Zones Authority or BEZA is an agency of the government of Bangladesh tasked with developing special economic zones.
Public–private partnership in Canada is a form of alternative service delivery that involves a formal, collaborative arrangement between the public and private sectors, typically of a long-term nature. Public–private partnerships are commonly used for infrastructure projects related to healthcare, transportation, the environment, justice and correction, recreation and culture, and education.
The Canada Infrastructure Bank (French: Banque de l'infrastructure du Canada) (CIB) is a federal Crown Corporation of Canada tasked with financially supporting revenue-generating infrastructure projects that are "in the public interest" by catalyzing private investment through methods such as direct investment and public-private partnerships.
Public–private partnerships are cooperative arrangements between two or more public and private sectors, typically of a long-term nature. In the United States, they mostly took the form of toll roads concessions, community post offices and urban renewal projects. In recent years, there has been interest in expanding P3s to multiple infrastructure projects, such as schools, universities, government buildings, waste and water. Reasons for expanding public-private partnership in the United States were initially cost-cutting and concerns about Public debt. In the early 2000s, P3s were implemented sporadically by different States and municipalities with little federal guidance. During Obama's second term, multiple policies were adopted to facilitate P3 projects, and Congress passed bills in that direction with overwhelming bipartisan support. My Brother's Keeper Challenge is an example of a public–private partnership. Some Private-public partnerships were carried out without incident, while others have attracted much controversy.
PPP Canada was a Crown Corporation responsible for promoting and facilitating Public-private partnerships, operating under Infrastructure Canada. It was created under Prime Minister Stephen Harper to highlight the commitment of the federal government to P3 infrastructure. PPP Canada managed the “P3 Canada fund” where provinces, territories, and municipalities could apply for funding from the federal government.
Bangladesh Infrastructure Finance Fund Limited is a Bangladesh government owned non-bank financial institution with the purpose of encouraging investment in the infrastructure in Bangladesh. Bangladesh Infrastructure Finance Fund Limited and Infrastructure Development Company Limited are two government owned financial institutions responsible for financing infrastructure development in Bangladesh.
