ECONOMYNEXT – The Ceylon Chamber has famous some considerations about Sri Lanka’s draft Public-Non-public Partnership (PPP) Invoice, and submitted its proposals together with guaranteeing the independence of the proposed Nationwide Company for PPPs and strengthening aggressive safeguards round unsolicited proposals.
The chamber stated the federal government’s effort to introduce a legislative framework for PPPs via the Draft Public-Non-public Partnership (PPP) Invoice is a requisite precursor to enhancing Sri Lanka’s skill to draw personal funding in infrastructure and repair supply.
“On the similar time, we word a number of considerations that warrant additional consideration. These embrace guaranteeing the independence of the proposed Nationwide Company for PPPs, strengthening aggressive safeguards round unsolicited proposals, enhancing fiscal transparency via clearer reporting necessities, and offering extra sturdy mechanisms for dispute decision.”
Addressing these points might be important to construct investor confidence and safeguard the general public curiosity, the chamber stated.
“If the Invoice is to function as a transparent and complete framework, you will need to make clear its authorized standing to keep away from overlaps with current legal guidelines, enhance disclosure necessities to construct public belief, align undertaking analysis processes with worldwide finest practices, and embed environmental, social, and governance (ESG) requirements to make sure tasks contribute to sustainable improvement.”
The significance of safeguarding the independence of the proposed Nationwide PPP Company, guaranteeing certified appointments with Parliamentary oversight, and introducing stronger conflict-of-interest provisions can also be important, the chamber identified.
“We welcomed the chance to share personal sector inputs through the session course of with the Nationwide Company for Public–Non-public Partnership and the Asian Improvement Financial institution, as personal sector views are important to shaping a clear, credible, and investment-friendly PPP framework.
“The Ceylon Chamber hopes that the draft laws will progress via the approval course of and result in the institution of a robust and unbiased Nationwide Company for PPPs, and stands able to work carefully with the Authorities and related businesses to assist the implementation of a reputable and internationally aligned PPP framework, which might be important if Sri Lanka is to mobilise personal capital on a big scale and shut its infrastructure funding hole.”
Hyperlink to the great submission: https://www.chamber.lk/wp-
content material/uploads/2025/09/Ceylon_Chamber_Submission_on_Draft_PPP_Bill_22Sept.pdf
The chamber praised optimistic facets of the Invoice, together with “the mandated value-for-money and feasibility assessments, enhanced transparency via stakeholder session and public disclosure, clear danger allocation to the personal sector, and the institution of a devoted Nationwide PPP Company with a transparent mandate”.
“These provisions are consistent with worldwide finest practices and might considerably enhance the setting for personal sector participation.
“Amidst a decent fiscal setting for the Authorities, we imagine PPPs might be conducive for driving tasks that may improve development, create jobs and herald personal capital.” (Colombo/Sep29/2025)
