{"id":54425,"date":"2019-08-17T10:00:02","date_gmt":"2019-08-17T10:00:02","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=54425"},"modified":"2020-01-27T06:15:43","modified_gmt":"2020-01-27T06:15:43","slug":"authority-for-infrastructure-enhancement-via-private-partnership-on-the-cards","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/authority-for-infrastructure-enhancement-via-private-partnership-on-the-cards.html","title":{"rendered":"Authority for infrastructure enhancement via private partnership on the cards"},"content":{"rendered":"<p>Lahore: The Punjab Government is expected to present a bill before the provincial assembly for the creation of an independent authority to develop and execute physical infrastructure and social services projects with contribution from the private sector, according to a news source.<\/p>\n<p>The provincial planning and development department secretary Imran Sikandar said that the provincial cabinet has already approved the law and once the assembly approves it, the Punjab Public-Private Partnership Act 2019 will replace the previous legislation. A public-private partnership policy board headed by the provincial chief executive, will be created, along with a partnership authority, and a statutory body with an executive committee fostering private investments in the infrastructure and social service projects.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/punjab-govt-ensure-facilities-tourist-spots.html\" target=\"_blank\" rel=\"noopener noreferrer\">Punjab govt to ensure facilities at tourist spots<\/a><\/p>\n<p>The local government is exploring <a href=\"https:\/\/www.zameen.com\/news\/public-private-partnership-for-meeting-the-targets-on-housing.html\" target=\"_blank\" rel=\"noopener noreferrer\">this partnership model as a tool to attract private capital investment<\/a> in development projects to bridge the physical infrastructure gap in the province, and to offer social services with improved institutional capacity and funds.<\/p>\n<p>As per the budget, the province is obligated to spend 6.45% of the gross domestic product (GDP) annually on developing infrastructure and extend social services to people against the actual public sector investment of 2.26%. This investment gap is to be filled by private capital invested in profitable schemes developed by this proposed authority by the creation of an incentive structure.<\/p>\n<p><strong>Read:\u00a0<\/strong><a href=\"https:\/\/www.zameen.com\/news\/punjab-govt-allocates-pkr-15-bn-agricultural-schemes.html\" target=\"_blank\" rel=\"noopener noreferrer\">Punjab govt allocates PKR 15 bn for agricultural schemes<\/a><\/p>\n<p>The authorities have expressed hope that this new legal and institutional framework will expand the public-private partnership scope.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Punjab Government is expected to present a bill before the provincial assembly for the creation of an independent authority to develop and execute physical infrastructure and social services projects with contribution from the private sector, according to a news source. The provincial planning and development department secretary Imran Sikandar said that the provincial cabinet has already approved the law and once the assembly approves it, the Punjab Public-Private Partnership Act 2019 will replace the previous legislation. A public-private partnership policy board headed by the provincial chief executive, will be created, along with a partnership authority, and a statutory body with an executive committee fostering private investments in the infrastructure and social service projects. Read:\u00a0Punjab govt to ensure facilities at tourist spots The local government is exploring this partnership model as a tool to attract private capital investment in development projects to bridge the physical infrastructure gap in the province, and to offer social services with improved institutional capacity and funds. As per the budget, the province is obligated to spend 6.45% of the gross domestic product (GDP) annually on developing infrastructure and extend social services to people against the actual public sector investment of 2.26%. This investment gap&hellip;<\/p>\n","protected":false},"author":75,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[12600],"persona":[],"class_list":{"0":"post-54425","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"tag-details-on-authority-for-infrastructure-enhancement-via-private-partnership-on-the-cards"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Authority for infrastructure enhancement via private partnership on the cards - Zameen News<\/title>\n<meta name=\"description\" content=\"Lahore: The Punjab Government is expected to present a bill before the provincial assembly for the creation of an independent authority to develop and\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/authority-for-infrastructure-enhancement-via-private-partnership-on-the-cards.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Authority for infrastructure enhancement via private partnership on the cards - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Lahore: The Punjab Government is expected to present a bill before the provincial assembly for the creation of an independent authority to develop and\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/authority-for-infrastructure-enhancement-via-private-partnership-on-the-cards.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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