Public–Private Partnership Monitor: Papua New Guinea

Download or read book Public–Private Partnership Monitor: Papua New Guinea written by Asian Development Bank and published by Asian Development Bank. This book was released on 2020-12-01 with total page 211 pages. Available in PDF, EPUB and Kindle. Book excerpt: The public-private partnership (PPP) market in Papua New Guinea is at a nascent stage having witnessed only six financially closed PPPs with an investment of $433 million, predominantly in the energy sector. The very few PPPs in the country stem from the lack of a robust PPP enabling framework, limited public sector capacities to design and manage PPPs, and constrained ability of the government to fund infrastructure development. Realizing the critical role of PPPs in helping achieve the country’s infrastructure investment target, the government is now implementing the PPP Act of 2014 and setting up PPP-enabling institutions.