Business Entities Now Required to Implement Public-Private Partnerships in Three Stages

The Minister of National Development Planning/National Development Planning Agency (“Minister”) has introduced a new framework that specifically addresses the implementation of public-private partnership schemes for the procurement of infrastructure (“PPP”) through the issuance of Regulation No. 7 of 2023 (“Regulation 7/2023”), which has been in force since 29 September 2023.[1] Regulation 7/2023 simultaneously repeals and replaces Regulation No. 4 of 2015, as amended by Regulation No. 2 of 2020 (“Regulation 2/2020”), which addressed similar matters.[2]