Finance Minister AHM Mustafa Kamal on Thursday said the government is working to simplify the legal and regulatory framework of the PPP authorities.
"In order to enhance the confidence of investors in the projects under PPP initiatives investment development programmes are continuing. The legal and regulatory framework of the PPP authorities is being simplified to implement large as well as social infrastructure projects under PPP in the future," he said.
The minister said this while placing the proposed national budget for FY23 at Jatiya Sangsad in the city.
In his speech, Kamal said establishment of 100 economic zones in the country is well in progress and the administrative approval has already been accorded to the proposal for establishment of 97 economic zones, of which the implementation work of 28 economic zones is underway.
"Allocation of land has been made to 196 entities in various public economic zones with a proposed investment of about US$ 25 billion. Moreover, the investment in private economic zones is about US$ 4 billion," he said.
He said in order to make the PPP project implementation and the activities of the PPP authorities more robust and dynamic, steps are being taken to enact the 'PPP (Amendment) Act, 2022'.
