Public Private Partnership: A Prospective in the Development of Sustainable Transport Infrastructures and Services in Bangladesh

Bangladesh with limited revenues and development budgets falls far of a short of funding to meet current and future transportation needs. Recently, Bangladesh government has taken a fresh public private partnership (PPP) policy initiative to encourage private sector investors in the development of public infrastructures. In light of such a policy, this paper examines the importance of strengthening policies, institutions particularly in handling design/build contract procurements, developing transparent risk allocation mechanisms, and managing projects and programs for successful policy executions. Government institutions must also define overall goals and objectives of projects and explore PPP opportunity in the early development stage of the project to take advantage of not only private investment but also assistance in the planning, designing and building of projects with appropriate skilled manpower and technology for quick and successful implementations of projects.