Examples of PPP Policy in a sentence
The Jamaican PPP Policy sets out the principles that should guide decision-making by MDAs which are considering utilising PPPs to improve infrastructure and the delivery of public services.
The PPP Policy seeks to define PPPs, highlight how they can assist in economic development, outline the PPP selection process, and identify roles and responsibilities in managing PPPs. In providing a comprehensive framework for PPPs, the Jamaican Government aims to standardise how PPPs are implemented, attract private investment, increase productivity and limit fiscal exposure while providing public services and infrastructure projects.
Therefore, the Cabinet is the ultimate authority in relation to matters of policy set out in the PPP Policy.
The PPP Policy is intended to ensure that these principles are observed when establishing PPP contracts.
Therefore, the Housing PPP Policy is applicable to Public-Public Private Partnership agreements with the objective of developing housing solutions, which are be promoted by the Minister of Housing or related agencies under his authority.
A PPP Policy is also on the anvil, which will create the enabling environment and extend policy support to PPP initiatives, including PPP through community participation.
PPP Policy Board, however, shall not entertain a local government project without the consent of the concerned authority.
The Unit coordinates the implementation of the PPP Policy, and monitors and reports to the Ministry with responsibility for the DBJ on its progress in this regard.
The goal of this policy document is to “promote sustainable economic growth and development through mutual collaboration between government and the private sector in the efficient management and operation of infrastructure and other development projects in the country”.7 The PPP Policy and Guidelines provide for several forms of public private partnership, including management contracts, leasing, concessioning, and “new entry” through de-monopolization.
Services currently executed by the GOJ which are to be contracted out to a private party and which contracts include specified contractual service delivery obligations and outputs.Since the 2012 publication of the PPP Policy, the PPP Units in DBJ and the MOFPS have been able to learn from the operationalization of the Policy and have been able to identify areas of the Policy that could be amended to make the PPP process more effective and more efficient.