Analyzing Pakistan’s Public-Private Partnership framework for Large-Scale Urban Development Projects
This assignment analyzed the country’s PPP infrastructure and legal and institutional framework with regards to regeneration of dilapidated inner cities. At the time, Pakistan’s Ministry of Finance had started a PPP framework to support infrastructure and service delivery. This initiative consisted of various entities, including a secretariat to the PPP Task Force mandated to assist private and public sectors in establishing viable and good quality PPPs and a non-banking financial company created under the Ministry of Finance to provide long-term funding at commercial rates for PPP projects. The government had also established a revolving fund to support the appointment of transaction advisors for projects in progress, and for transaction structuring and implementation. Within this context, we worked out a framework for city governments to include inner city regeneration projects in various supported sectors under the countrywide PPP facility. Based on the existing PPP facilities and legal framework at the time, we suggested a breakdown of projects into water/sanitation, transport, and social infrastructure sectors and to participate in different PPP schemes rather than structuring a large PPP facility for a particular inner city regeneration project.