PPP draft likely to be carried out in March | Bangkok Post: business

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PPP draft likely to be carried out in March

Closing loophole that blocks certain projects

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The new public-private partnership (PPP) draft bill is expected to take effect next month, with the aim of speeding up public investment of the 2-trillion-baht infrastructure budget, says Prasong Poontaneat, director-general of the State Enterprise Policy Office. 

The new bill seeks to plug the loophole of the existing PPP Act that supposedly has held back 120 projects jointly invested in by the public and private sectors. The existing law is ambiguous and makes it difficult to settle disputes, he said.

Mr Prasong said the new law hopes to cut approval time to just seven or eight months from up to two years.

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