Public private partnership law now expected to be operational March next year

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The law expected to guide government's plan of partnering private businesses to undertake major infrastructure projects is expected to come into force by March next year.

Government earlier this year set December 2013 as deadline for the law to be operational. However delays in working out the financial modalities and other issues have affected its approval by Parliament.

Some investors have told JOYBUSINESS this is affecting them especially when majority of projects outlined in the 2014 budget are Public Private partnerships.

Minister of State-in-Charge of Private Sector Development, Rashid Pelpuo tells JOYBUSINESS they are working to ensure that the law comes into force by the new target date.

Mr. Pelpuo was speaking to JOYBUSINESS after meeting with ministers of state and government agencies on the policy.

Some analysts say embracing the policy fully can address the country’s development woes.

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