{"id":555485,"date":"2021-11-16T04:02:35","date_gmt":"2021-11-16T04:02:35","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/16\/house-gives-final-approval-to-ppp-act-amendments\/"},"modified":"2021-11-16T04:02:35","modified_gmt":"2021-11-16T04:02:35","slug":"house-gives-final-approval-to-ppp-act-amendments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/16\/house-gives-final-approval-to-ppp-act-amendments\/","title":{"rendered":"House gives final approval to PPP Act amendments"},"content":{"rendered":"

<\/a> It\u2019s about to get easier for the private sector to bid for public infrastructure<\/strong> projects<\/strong> after lawmakers yesterday gave final approval<\/a> to amendments designed to encourage more public-private partnerships (PPP). Changes to the PPP Act passed by the House yesterday explicitly allow public entities to partner with private companies on transport, energy, communications and healthcare projects, and introduce new mechanisms to simplify the process.<\/p>\n

What does the bill entail? <\/strong>Companies are now allowed to submit unsolicited proposals and negotiate directly with public sector entities for contracts, circumventing the traditional competitive bidding process, according to a House committee report containing a draft of the law (pdf)<\/a>. The use of PPPs will be expanded to include everything from designing and financing to operations and maintenance, while a previous requirement that was known to slow down the time it takes for the government to enter into contracts has been scrapped. PPP projects will also be made part of the Planning Ministry\u2019s development strategy, while changes will be made to rules governing the post-project engagement period to ensure higher quality standards.<\/p>\n

Why is this important?<\/strong> Mobilizing private sector investment through PPPs could go a long way to helping Egypt close its huge infrastructure funding gap, which the World Bank has estimated sits at around USD 230 bn<\/a>. It would also help address the notion that the state\u2019s growing involvement in the economy, especially through mega-projects, is crowding out parts of the private sector.<\/p>\n

BACKGROUND- <\/strong>Passed in 2010, the legislation sought to put in place a regulatory framework to attract more private investment into government projects. Within a year of passing, the government awarded Orascom Construction and Spanish firm Fomento de Construcciones y Contratas a USD 475 mn contract to build the New Cairo wastewater treatment plant<\/a>.<\/p>\n

But since then the model hasn\u2019t caught on in a big way<\/strong>, with few large-scale projects being tendered through PPPs in recent years. Things have picked up in recent months though, with Bombardier, Orascom and Arab Contractors being handed the reins to the Cairo monorail, a number of logistics projects<\/a> \u2014 including the Sixth of October and Tenth of Ramadan dry ports \u2014 getting initial approval, and the government turning to the private sector for its USD 2.5 bn desalination plan<\/a>.<\/p>\n

Why the slow progress?<\/strong> Regulatory uncertainties stemming from overlapping legislation, a lack of transparency over how contracts are awarded, an absence of incentives for ministries to turn to the private sector, and unclear dispute resolution mechanisms have all been cited as reasons for why PPPs have not become more common in Egypt.<\/p>\n

What\u2019s next? <\/strong>The bill will now make its way to President Abdel Fattah El Sisi to be signed into law before its executive regulations are published in the coming months.<\/p>\n","protected":false},"excerpt":{"rendered":"

It\u2019s about to get easier for the private sector to bid for public infrastructure projects after lawmakers yesterday gave final approval to amendments designed to encourage more public-private partnerships (PPP). Changes to the PPP Act passed by the House yesterday explicitly allow public entities to partner with private companies on transport, energy, communications and healthcare […]<\/p>\n","protected":false},"author":1,"featured_media":555486,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7344],"tags":[93,72,7111,187,1928,404],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-555485","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legislation-watch","tag-energy","tag-enterpriseam","tag-infrastructure","tag-legislation-watch","tag-ppp-act","tag-public-private-partnership","wpautop","entry"],"acf":{"mongo_id":"5834140b-d304-4c1c-9483-4b92c5ad8478","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/11\/466.jpg","photo_position":"above","related_issue":[555481],"teaser":"","voice_url":""},"yoast_head":"\nHouse gives final approval to PPP Act amendments - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/11\/16\/house-gives-final-approval-to-ppp-act-amendments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"House gives final approval to PPP Act amendments\" \/>\n<meta property=\"og:description\" content=\"It\u2019s about to get easier for the private sector to bid for public infrastructure projects after lawmakers yesterday gave final approval to amendments designed to encourage more public-private partnerships (PPP). 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The changes will now make their way to the House general assembly for a final vote, before\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":599184,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/20\/egypts-finance-ministry-finalizes-ppp-law-amendments\/","url_meta":{"origin":555485,"position":1},"title":"Egypt\u2019s Finance Ministry finalizes PPP law amendments","author":"enterpriseam admin","date":"20 June 2019","format":false,"excerpt":"LEGISLATION WATCH- FinMin finalizes PPP Act amendments: The Finance Ministry has put the final touches on draft amendments that would streamline public-private partnership (PPP) contracts, according to a cabinet statement. The draft received cabinet approval late last year and has been with the government since then. What is changing? The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":591527,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/09\/egypt-parliament-committees-approve-ppp-act-amendments-dispute-resolution-bill\/","url_meta":{"origin":555485,"position":2},"title":"Egypt parliament committees approve PPP Act amendments, dispute resolution bill","author":"enterpriseam admin","date":"9 December 2019","format":false,"excerpt":"LEGISLATION WATCH- House planning committee approves PPP Act amendments in principle: The House Planning and Budget Committee gave a preliminary nod yesterday to proposed amendments to the PPP Act that would streamline public-private partnership (PPP) contracts and is set to continue discussing the bill today, according to Al Shorouk. The\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/1\/662.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":604518,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/05\/finmin-to-draft-new-amendments-to-ppp-law\/","url_meta":{"origin":555485,"position":3},"title":"FinMin to draft new amendments to PPP law","author":"enterpriseam admin","date":"5 December 2018","format":false,"excerpt":"LEGISLATION WATCH- FinMin looks to speed-up tenders for PPP projects: The Finance Ministry is preparing amendments that will cut the time to issue tenders for public-private partnership (PPP) projects and introduce new mechanisms for private sector contracting, minister Mohamed Maait said, according to Youm7. The amendments would allow private sector\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":556260,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/10\/18\/house-committee-gives-final-nod-to-proposed-fintech-law\/","url_meta":{"origin":555485,"position":4},"title":"House committee gives final nod to proposed fintech law","author":"enterpriseam admin","date":"18 October 2021","format":false,"excerpt":"The House of Representatives\u2019 CIT Committee yesterday gave final approval to a draft law to regulate Egypt\u2019s fintech sector, Al Mal reports. The proposed law would govern fintech use by non-banking financial services (NBFS) providers, as well as put the Financial Regulatory Authority in charge of overseeing the fintech space.\u2026","rel":"","context":"In "LEGISLATION WATCH"","block_context":{"text":"LEGISLATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/legislation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":549482,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/09\/19\/amendments-to-the-ppp-acts-exec-regs-drop\/","url_meta":{"origin":555485,"position":5},"title":"Amendments to the PPP Act\u2019s exec regs drop","author":"enterpriseam admin","date":"19 September 2022","format":false,"excerpt":"Introducing the new and improved PPP Act: Prime Minister Moustafa Madbouly yesterday signed off on amendments to the executive regulations of the PPP Act aimed at making it easier for private sector firms to partner with the government on key projects. The regulations were published in the Official Gazette yesterday,\u2026","rel":"","context":"In "REGULATION WATCH"","block_context":{"text":"REGULATION WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/regulation-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/9\/269.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555485","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=555485"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/555485\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/555481"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/555486"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=555485"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=555485"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=555485"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=555485"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=555485"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}