Govt simplifying legal framework of PPP authorities: Kamal

Finance Minister AHM Mustafa Kamal today said
the government is working to simplify the legal and regulatory framework of
the PPP authorities.

"In order to enhance the confidence of investors in the projects under PPP
initiatives investment development programmes are continuing. The legal and
regulatory framework of the PPP authorities is being simplified to implement
large as well as social infrastructure projects under PPP in the future," he
said.

The minister said this while placing the proposed national budget for FY23 at
Jatiya Sangsad in the city.

In his speech, Kamal said establishment of 100 economic zones in the country
is well in progress and the administrative approval has already been accorded
to the proposal for establishment of 97 economic zones, of which the
implementation work of 28 economic zones is underway.

"Allocation of land has been made to 196 entities in various public economic
zones with a proposed investment of about US$ 25 billion. Moreover, the
investment in private economic zones is about US$ 4 billion," he said.

He said in order to make the PPP project implementation and the activities of
the PPP authorities more robust and dynamic, steps are being taken to enact
the 'PPP (Amendment) Act, 2022'.