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Policies and Guidelines >> Organizational
Framework for Private Infrastructure Development
An
infrastructure project may be carried out through
public sector financing or through private financing.
Until recently, there were no guidelines for Government
officials to follow for developing and facilitating
private infrastructure projects in Bangladesh. In
October 2004, the Government of Bangladesh has issued
the "Private Sector Infrastructure Guidelines"
(or "Guidelines" in short) for the rapid
development of the country's infrastructure. The
Guideline serves three basic purposes:
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to establish procedures for identifying private infrastructure projects |
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to establish a set of guidelines for private sector Investors and Government, and |
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to establish institutional arrangements for monitoring and expediting implementation. |
The Guidelines establishes the formation of a national
level committee named "Private Infrastructure
Committee (the "PICOM")", under the
Prime Minister's Office, with the Principal Secretary
as the Chairman. PICOM will act as the focal point
for promoting and progressing private infrastructure
projects. Its main functions will be:
(a) |
Publication of the Private Infrastructure Project List (the "List"), which signifies that the government intends to implement the listed projects under PPP modality. |
(b) |
Overseeing and monitoring the progress of the PPP projects, to ensure the expeditious implementation. |
(c) |
Facilitating expeditious decision making by resolving complex inter-ministerial issues; |
(d) |
Preparing capacity building plans for government officials and monitor its timely implementation so that it could help government officials to understand and manage private infrastructure projects; |
(e) |
Creating enabling conditions and supportive framework for encouraging Investors by promoting new policies, regulations and laws; |
(f) |
Monitoring the contingent liabilities of private infrastructure projects.PICOM consists of the following members: |
1 |
Principal
Secretary, Prime Minister's Office |
Chairman |
2 |
Secretary, Finance
Division |
Member |
3 |
Secretary, Economic
Relations Division |
Member |
4 |
Secretary, Internal
Resources Division |
Member |
5 |
Concerned Member,
Planning Commission |
Member |
6 |
Secretary, Ministry
of Law, Justice and Parliamentary Affairs |
Member |
7 |
Secretary, Line
Ministry for the Project |
Member |
8 |
Governor/Representative,
Bangladesh Bank |
Member |
9 |
President, Federation
of Bangladesh Chambers of Commerce and Industry
(FBCCI) |
Member |
10 |
President, Foreign
Investors Chamber of Commerce and Industry (FICCI) |
Member |
11 |
Executive Chairman/Member,
Board of Investment (BOI) |
Member |
BOI,
serving as its secretariat, performs the functions
of preparing documents, agendas, minutes of meetings
etc. PICOM meets at least once every three (3) months
to review the progress of projects. The Guidelines
define the progress of a project according to seven
key stages. The progress review by PICOM is made
against the milestones in each of the seven stages.
The Executing Agency provides the timeline/barchart
of planned activities against each milestone in
each stage for a project to PICOM.
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