Jordan News | Latest News from Jordan, MENA
July 7 2022 10:55 AM ˚
e-paper Subscribe Sign in My Account Sign out

Joint projects ‘worth hundreds of millions’ to be announced soon

email-4284157_1280
(Photo: Pixabay)
  • +
  • -
AMMAN — The Public-Private Partnership (PPP) Unit will in the coming stage float tenders related to three projects worth “hundreds of millions” in the field of infrastructure, and a fourth in the transportation industry, officials have said.اضافة اعلان

The sources told Al-Ghad and Jordan News that the planned projects will be implemented on a build-operate-transfer basis, stressing that the plans will make a difference to people’s lives, especially since the studies have been conducted by reputed institutions such as the International Finance Corporation. 

The plan has received the go-ahead after the Council of Ministers approved a bylaw drafted under the PPP Projects Law No. (17) of 2020, which replaced the 2014 version of the legislation.

The sources, who preferred to remain unnamed, said that the investments on the drawing board have “received interest from several international and local entities, and the PPP Unit is following up on their inquiries”.

Under the 2020 PPP Law, the unit is linked with the Prime Ministry, instead of the Finance Ministry, as the case was in the older version of the law. The aim is to facilitate networking with other ministries government agencies, and expedite the execution of the approved projects.

The law also stipulates setting up a national registry for government investments for the year 2021 at the Ministry of Planning and International Cooperation. The aim of the registry is to monitor project indicators and provide a comprehensive database on these projects.

The bylaw endorsed earlier this week regulates the process of tender floating to ensure complete equality and transparency, access to project-related issues and clarity of the tender documents. Also under the bylaw, a committee will oversee all the matters related to state investments in partnership with the private sector, whether local or external players.


Read more national news