This technical meeting allowed PPP professionals within the Commonwealth to share experiences with each other that they gained through their work on PPP projects in their countries as well as various study visits and work attachments to different Commonwealth countries.
Experiences of successful Public Private Partnerships shared at Commonwealth meeting
28 June 2010
Policy-makers from 21 countries learn best practices from private sector investors and practitioners
Senior government Public Private Partnership (PPP) policy-makers and implementers from 21 Commonwealth countries have met in Malaysia to discuss and share their experiences as well as their concerns of how to effectively implement a successful PPP project.
At the meeting, which was also attended by representatives from the Islamic Development Bank and Indonesia’s PPP Financing Fund who observed the discussions, they also learned from private sector investors and practitioners (officials from both public and private sector who work on PPPs) who shared their best practices.
What is a Public Private Partnership?
“It is generally considered as an arrangement between public and private sectors to deliver infrastructure normally provided by the public sector. There is usually a clear agreement of shared objectives for the delivery of these infrastructures.” – Commonwealth Secretariat’s lead adviser on PPPs.
“I have spent a great deal of time in dialogues between the government and corporations to promote public private partnerships. So I can say that I speak to you now as a true believer in the ideal that when two parties work together in a public private partnership, nations progress and the standard of living improves,” said Dato Dr Ali bin Hamsa, Director General of the Malaysian PPP Unit.
He added: “This conference is very timely, in view of PPP playing a greater role in the development of countries around the world in the last decades. Having experts on PPP from various countries has significantly added value to the conference.”
This technical meeting allowed PPP professionals within the Commonwealth to share experiences with each other that they gained through their work on PPP projects in their countries as well as various study visits and work attachments to different Commonwealth countries.
“I hope that we will have more of this kind of collaboration with the Commonwealth Secretariat in the future to help strengthen links and develop capacity building programmes with public sector PPP practitioners,” said Dato S.K. Devamany, Deputy Minister in the Prime Minister’s Department, Malaysia.
The meeting was organised by the Commonwealth Secretariat in collaboration with the Malaysian PPP Unit and took place from 1 to 5 June in Kuala Lumpur.
I personally attended the meeting. It was extremely useful to public as well as private sector. In today's world such initiative would definitely help to reduce the economic disparity worldwide and provide an opportunity for developing countries to benefit from the experiences of the developed and advanced countries.
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