The Senate passed P3A(Amendment) Bill 2021, which has amended P3A Act,2017


The Senate passed P3A(Amendment) Bill 2021, which has amended P3A Act,2017

To end the policy fragmentation and to provide legal framework to the Public Private Partnership Authority(P3A) the Minister for Planning, Development & Special Initiatives Mr. Asad Umar, introduced the Public Private Partnership (Amendment) Bill, 2021 in the Senate of Pakistan today. The Senate passed the P3A(Amendment) Bill 2021, which has amended the P3A Act,2017.

By virtue of the various amendments introduced through the Bill, the approval processes of P3A and the Board are streamlined. Under the new amendments only qualified projects will be processed by the P3A and will be approved by the Board. The P3WP (Public Private Partnership Working Party) is also constituted for approval of projects. The amended Bill (now an Act), establishes the Project Development Fund and Risk Management Unit for facilitating the implementing agencies.

P3A shall continue to provide advisory and facilitation services to all federal government Implementing Agencies.

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