Act No. 19 Dated 11 July 2023 Passed by the Parliament of the People’s Republic of Bangladesh on “Amendment of the Bangladesh Public-Private Partnership Act 2015”July 31, 2023
The amendment to the Bangladesh PPP Act seeks to limit the powers of the PPP Authority in terms of financial and administrative powers and the performance of its functions. Prior to the amendment, the PPP Authority had the right to independently carry out its functions, that has now been changed, with authority back in the hands of the government.
Another change is the addition of a new subsection that says that upon signing the PPP agreement, the relevant government institutions are obligated to extend the necessary support to the project company to facilitate the smooth implementation of the project.