Mohamed Maait, finance minister, has said that the government will soon launch several development projects in partnership with the private sector, which would boost economic growth, create jobs and improve citizens’ living standards and the services provided to them.
After the publication of the new amendments to the law that regulates private sector participation in infrastructure projects, services and public utilities, Maait said the state is aware of the importance of a real partnership with the private sector, and this was evident. from the presidential stimulus guidelines to encourage the private sector to increase its participation in the inclusive and sustainable development process.
He pointed out that the new amendments to the Private Sector Partnerships Act allowed for the expansion of partnership patterns with the private sector in infrastructure projects, utilities and public services, and introduced new contracting methods such as tenders and limited bids, direct contracting, and the contracting a project submitted at the initiative of the private sector.
He explained that specific checks and criteria have been adopted for selecting projects that can be implemented in the private sector partnership system, through a model of data and baseline requirements for it, established by the central private sector partnership unit. to the Ministry of Finance, which has been transformed into an integrated sector in the new administrative structure.
He referred to the development of a mechanism for selecting projects that can be implemented in the partnership system with the private sector, through the formation of a joint committee of specialists from the ministries of finance and planning and other interested parties, to evaluate the submitted projects to study within the proposed annual plan to the Ministry of Planning to choose those plans that can be implemented in the partnership system with the private sector.
Maait confirmed that the new amendments to this law also include prior control over the selection of projects that can be implemented in the partnership system with the private sector, and to ensure that they are ready to contract, which contributes to strengthening governance, providing investors with an investment map of projects that can be contracted under the partnership system with the private sector, and reducing the duration of the offering and contracting, and the time to submit and consider the grievances in order to expedite the completion of the proceedings.
For his part, the head of the Central Unit for Private Sector Partnership of the Ministry of Finance, Ater Hanoura, indicated that the transformation of the Central Unit for Private Sector Partnership has turned PPP into an integrated sector in the new structure of the Ministry of Finance to develop cooperation with the private sector, by supporting all governing bodies in structuring and launching projects implemented in the private sector partnership system.
He explained that a list has been drawn up of projects that will be successively studied and proposed in the partnership system with the private sector, including projects in the areas of transport, housing, electricity, health and education, local development, solid waste recycling and strategic warehouses of the Ministry of Supply and Internal Trade.
He explained that it aims to develop a partnership with the private sector, by supporting all administrative authorities in structuring and putting forward projects to be implemented in the private sector partnership system, and by moving to the implementation of the project to include 1,000 leading language schools, in the system of partnership with the private sector by 2030, in addition to other projects such as seaports and dry ports, 8 projects for recycling waste and converting it into electrical energy, worth of EGP 10 billion and the establishment of 4 strategic warehouses for the Ministry of Supply and Domestic Trade, worth about EGP 3.2 billion, and a dry port in the 10th of Ramadan worth EGP 3 billion in addition to the projects that are being studied, including the establishment of 4 desalination plants, a sewage treatment plant, a Benha University Hospital in El Obour, and sports and youth facilities.