Financial institutions have an important role in encouraging public private partnerships through lending regarding infrastructure projects and to develop financial instruments. This was said in a briefing given to representatives of leading international and national banks/financial institutions at a briefing organised at Infrastructure Project Development facility (IPDF) here in Islamabad thursday.
Giving presentations to the participants, Shahnawaz Mehmood Head Projects and Ali Rahman Senior Advisor Projects told that IPDF under Ministry of Finance is the focal point for implementation of Governments PPP programme and a standardised frame work is being evolved by IPDF to undertake the structuring and implementation of the PPP projects.
The main purpose of this standardised framework is to achieve "substantial risk transfer", "value for money" and "affordability" in PPP projects. Speaking at the occasion, Adil Anwar Chief Executive Officer (CEO) of IPDF said that IPDF in conjunction with Ministry of Finance is working to prepare the Guidelines and business plan of institutions like Risk Management Framework (RMF), Viability Gap Funding (VGF), Infrastructure Project finance Facility (IPFF) with the assistance of ADB & World Bank.
He further said that IPDF objective is to generate PPP projects with public sector Institutions (line ministries, provincial Governments, local bodies, state owned enterprises etc) providing a direct access to a professional PPP Unit that will help Institutions to improve proposals and prepare them for tendering, without becoming a contract signatory to those transactions.
The representatives of Askari Bank Limited, Habib Bank Limited, United Bank Limited, Faysal Bank Limited, Allied Bank Limited, Pak Kuwait Investment, Pak Oman investment, HSBC, National Bank of Pakistan, Saudi Pak bank, Pak China Investment, and Standard chartered and Saudi Pak Commercial bank attended the briefing.-PR
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