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Wednesday, 5 December 2018

FinMin to draft new amendments to PPP law

LEGISLATION WATCH- FinMin looks to speed-up tenders for PPP projects: The Finance Ministry is preparing amendments that will cut the time to issue tenders for public-private partnership (PPP) projects and introduce new mechanisms for private sector contracting, minister Mohamed Maait said, according to Youm7. The amendments would allow private sector bidders to submit unsolicited proposals to the government. They could also allow the government to negotiate directly with a sole bidder without needing to take the project through the competitive bidding process. The government is looking to encourage private sector involvement in infrastructure, public services, and utility developments, particularly in the new cities.

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