Cabinet approves draft bill for National Agency for Public-Private Partnerships

The Sri Lankan Cabinet of Ministers has approved a draft bill aimed at establishing a National Agency for Public-Private Partnerships (PPP).

This decision was made following a proposal submitted by the President, who also holds the portfolios of Minister of Finance, Planning, and Economic Development. The approval allows for the bill to be published in the Government Gazette.

Following its gazetting, the bill will be presented to Parliament for final legislative approval. The proposed law is expected to provide the necessary legal framework for the establishment of the National Agency.

The primary objective of this initiative is to promote and facilitate Public-Private Partnerships, with the broader goal of boosting investment and infrastructure development within the country.