October 26, 2o12
Ali Hamsa touts Malaysia's PPP Model in India
Bernama reports:
The public-private partnerships (PPP) initiative, a single of a vital transformational approaches in a open zone in Malaysia, has worked well for a country's development, says Chief Secretary to a Government Dato' Seri Dr. Ali Hamsa.
The PPP indication allows supervision allocation for growth projects to be marked down as well as it can shift a courtesy to projects that will be implemented as well as saved by a in isolation sector.
"The PPP experience has shown that truly commercial operation is no longer usual. It has additionally enriched both a open as well as a in isolation sector, especially by pity of best practices," he pronounced during a biennial discussion of a Commonwealth Association for Public Administration as well as Management. His presentation was patrician "Reaffirming a Public Service Ethos: The Malaysian Experience".
"Within a short duration of time PPP has turn a vital mode of in isolation zone driven financing for growth projects," pronounced Ali. In only two years, it has captivated RM65 billion in in isolation investment.
He pronounced whilst supervision contracting with a in isolation zone is not new, a emergence of public-private partnership as a form of routine doing as well as use smoothness was a brand brand brand new growth for Malaysia.
"PPPs present brand brand brand new challenges in conditions of contract specification, accountability arrangements as well as governance mechanisms," he said.
Ali additionally pronounced a Public-Private Partnership Unit (UKAS), which leads PPP implementation, has taken proactive stairs to enhance integrity inside of a o! rganisat ion.
Among a vital functions of UKAS is to conduct a Facilitation Fund, negotiating concession conditions as well as conditions for PPP as well as a Facilitation Fund as well as implementing worth government process.
UKAS has put in place specific measures to safeguard that a function, purposes as well as activities have been implemented transparently as well as with integrity and, adhered to all specified regulations, he added. Bernama
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