Bangladesh paves way for infrastructure law

The government is asking parliament to put private-public partnerships on more solid legal footing to encourage infrastructure finance.

Bangladesh’s prime minister, Sheikh Hasina, has approved a proposed law to streamline the legal status of private-public partnerships PPP for financing infrastructure. The law has been sent to the country’s parliament and government officials hope it is passed this month.

“We have been working on the PPP law for the past three years,” said Syed Afsor Uddin, CEO of the PPP Office, which reports to the prime minister’s cabinet. He made his remarks speaking at FinanceAsia’s Bangladesh Investment Summit, held in Singapore on 1 September. “Inshallah, in the next 10 days it will go to Parliament and be implemented.”

The technicals of the...

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