About Us >> PICOM In Brief

The Government of Bangladesh has adopted Bangladesh Private Sector Infrastructure Guidelines to facilitate private investment in infrastructure. The guideline was approved on 2 October 2004 by a notification of the Cabinet Division.

The Guidelines (PSIG) establishes procedure to identify, procure and implement Private Infrastructure Projects and establishes institutional arrangements to monitor and expedite implementation of these projects at national level.

For promotion and efficient processing of these Projects in Bangladesh, a national level committee named "Private Infrastructure Committee (PICOM)" has been set up under the Prime Minister's Office by notification of the Cabinet Division on 5 October 2005. The Principal Secretary of the Government of Bangladesh heads the Committee.

PICOM is created to co-ordinate, monitor and expedite the resources, strengths and capabilities of both public sector and private sector for the benefit of the nation. Following are the functions of PICOM:Prepare and implement plans for developing expertise and capacity of Government officials to understand and manage Private Infrastructure Projects and ensuring that the officials are retained within the infrastructure Line Ministries.

	Promote private sector participation in financing, constructing, maintaining and/or operating infrastructure projects.
	Promote new laws, regulations and policies for successful implementation of Private Infrastructure Projects by creating enabling conditions and supportive framework.
	Identify and analyze reasons for the lack of desired enabling environment for investment and lobbying with the appropriate authorities to address those factors.
	Ensure that Private Infrastructure Projects are carried out, keeping in view the integrated infrastructure requirements of the country.
	Ensure evaluation, and assisting in smooth execution of Private Infrastructure Projects.
	Oversee that Projects meet established socio-economic and environmental policy criteria and that it conforms to Government legislation.