Who Are We?

WHO WE ARE:

Punjab Public Private Partnership Authority (PPPPA) was established in September 2019, through the enactment of the Punjab PPP Act, 2019. The objective of the establishment of the Punjab PPP Authority is to develop a centralized hub and strategic arm of the government of Punjab for promoting public-private partnerships. The Authority will be involved in formulating the strategy to develop and optimize a portfolio of PPP projects as an autonomous body.

WHAT WE DO:

Punjab PPP Authority is one window solution to identify, develop, execute and implement PPP projects across various sectors in Punjab as an alternate tool for development financing and achieving the objective of higher economic growth in the province.

OUR PARTNERS:

Asian Development Bank, Infra Zamin, IFC

INSTITUTIONAL FRAMEWORK 

The Act envisages five institutional arrangements for regulating PPPs in Punjab including:

1. Punjab Public Private Partnership Authority
2. PPP Policy and Monitoring (P&M) Board
3. Executive Committee of Punjab PPP Authority
4. PPP Cell, P&D Board
5. Risk Management Unit, Finance Department

PUNJAB PPP AUTHORITY:

Punjab PPP Authority was established and notified on 30-09-2019 as one window solution for identification, execution and M&E of PPP projects and will manage the project throughout its life cycle. 

PPP POLICY AND MONITORING BOARD:

PPP P&M Board was constituted and notified on 24-10-2019 headed by Chief Minister, Punjab for broader political ownership at the highest level and constituted as apex decision making/oversight body.

Composition of PPP P&M Board:

The composition provides the representation to Members of the Provincial Assembly including one female MPA, government officials and financial/legal/engineering experts from the private sector as well as the Chamber of Commerce & Industry. The broader membership in the PPP P&M Board will boost the confidence and ownership of the concerned stakeholders, especially the private sector. Following is the composition of the PPP P&M Board:

The Board shall consist of the following:

Executive Committee of Punjab PPP Authority:

The Executive Committee of PPPPA was notified on 22-11-2019 overseeing the management and administrative matters of the Authority along with approval of PDF fund to hire Transaction Advisory Services for PPP projects.

Composition of Executive Committee:

The Executive Committee shall consist of the following:

PPP CELL, P&D BOARD 

PPP Cell will have the main responsibility of appraisal of PPP project proposals and providing administrative support to the PPP Policy & Monitoring Board. It also has to review and strengthen the institutional and regulatory framework for the effective implementation and operations of PPP projects in Punjab. 

RISK MANAGEMENT UNIT, FINANCE DEPARTMENT

The risk Management Unit provides support and advice to the Punjab PPP Authority or any Government Agency with regard to risk management in a project and examines, in consultation with the PPP Cell, whether requests for Government support and the proposed risk-sharing arrangements are consistent with the Act, Rules, and regulations and are fiscally sustainable. 

Functions of PPPPA:

As per PPP Act, 2019, the following are the functions of the Punjab PPP Authority:

1. take necessary steps for the implementation of the provisions of the Act and to achieve the objectives of the Act;
2. ensure that projects are consistent with the decisions of the Government, the Board and sectoral development policies;
3. facilitate debt markets, bank financing, international financial institutions and equity markets for financing the public infrastructure/ services projects; 
4. enhance the capacity of the financial and capital markets to encourage healthy competition for projects; 
5. enhance the capacity of the engineering and construction industry to encourage healthy competition for projects; 
6. encourage key stakeholder consultations and engagements to raise the confidence of the private sector for participation in the projects; 
7. develop expertise to raise financing for the projects through various financial instruments including but not limited to Bonds, Sukook, T-bills, Securities, Pension Funds, and promote the establishment of Infrastructure Finance Company(ies);
8. prepare and execute a three-year rolling business plan (to be updated annually) / an annual plan of the Authority;
9. develop management, operating guidelines, procedures, and model documents for projects; 
10. identify suitable projects and prioritize them within their sector or geographical area of responsibility;
11. maintain a Project Development Facility (PDF) fund for financing the engagement of transaction advisers and consultants; 
12. maintain a panel of transaction advisers and consultants, for use by the Authority for PPP projects;
13. prepare feasibility for the project and, if its outcome is positive, submit to the Board, through PPP Cell, a project proposal along with the estimated cost of the project, type of PPP agreement, and the details of Government support if required;
14. evaluate and prioritize project proposals; 
15. conduct a competitive tendering process for a project approved by the Board, including a pre-qualification process and bidding by the pre-qualified bidders to select the suitable private party; 
16. carry out bid evaluation and make recommendations thereof for consideration of the Board;  
17. negotiate and sign on behalf of the Government the PPP agreement with the private party as approved by the Board;
18. monitor and evaluate implementation and operation of the project; 
19. evaluate the type and amount of Government support that may be made available for a project in consultation with Risk Management Unit and make recommendations to the Board for appropriate decisions; 
20. assess whether requests for Government support and the proposed risk-sharing arrangements are consistent with the Act, the rules and the regulations, and are fiscally sustainable;
21. assess regulatory and social impediments involved in the planning, development, financing, implementation, management, supervision and delivery of a project and recommend mitigation measures to the Board; 
22. administer and manage the Funds of the Authority in the manner determined by the Board;
23. constitute one or more committees or sub-committees consisting of the Members of the Authority, the employees of the Authority, Government Agencies and such other persons as it may deem fit and assign functions to each such committee or sub-committee; 
24. hire professional and supporting staff from public/ private sector for the Authority as approved by the Executive Committee, from time to time; 
25. appoint technical, professional and other experts, advisers, agents and consultants, including but not limited to accountants, bankers, engineers, lawyers, valuers for the Authority as approved by the Executive Committee;
26. manage the project throughout its life cycle including but not limited to project identification, project proposal preparation including feasibility, tendering, supervising the implementation and operation of the project, and if applicable, take over the project under a PPP agreement. 
27. review and re-negotiate PPP agreements, subject to prior approval of the Board; 
28. establish a complaint cell for speedy redressal of complaints of general public relating to the projects and a system of acknowledgment of complaints within fifteen days from the date of receipt of a complaint along with stipulated timeline for disposal of the complaint; and
29. perform such other functions as may be prescribed or assigned by the Board. 

(2)The Authority shall prepare and submit its annual performance report to the Government in the prescribed manner