20 February 2013

Tunisia: 'Law On Public-Private Partnership Will Help Find Solutions to Finance Economy' - Ridha Saidi

Bardo — "Setting a legal framework regulating partnership between the public and private sectors (PPP) will help find solutions to finance public investment which requires the mobilisation of huge funds," Minister in charge of Economic and Social Issues Ridha Saidi said Wednesday.

The law on PPP contracts "will help generate several jobs, promote regional development and step up investment in all economic sectors," Mr. Saidi told the Finance, Planning and Development and Services Commissions at the National Constituent Assembly (NCA).

Good governance of public funds, transparency, swift implementation of projects, cost reduction and risk sharing are among the advantages of the public-private partnership cited by Legal Adviser to the Prime Minister Asma Shiri.

"The private sector's innovative capacities will help upgrade, as part of this partnership, the quality of services offered to citizens," she highlighted, recommending the creation of a national follow-up authority to assess public-private partnership actions and projects.

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