Ceylon Chamber urges investor-friendly reforms in draft PPP Bill

The Ceylon Chamber of Commerce (CCC) yesterday urged the government to strengthen the draft Public-Private Partnership (PPP) Bill to make it more investorfriendly, while welcoming the government's effort to establish a framework for private sector participation in infrastructure and services.

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The CCC said the bill contains several positive features such as mandated value-for-money and feasibility assessments, stronger transparency requirements through consultation and disclosure, clearer risk allocation to the private sector and establishment of a dedicated National PPP Agency.

These measures, it noted, align with international best practices and can improve the environment for investment.