The Government has gazetted the proposed Public-Private Partnerships Bill, which provides for the establishment of a National Agency to promote and facilitate public-private partnership projects in Sri Lanka.

The proposed legislation aims to establish a legal framework for cooperation between the Government and private-sector investors, while addressing issues relating to transparency, procurement and institutional coordination.

The Bill was submitted by President Anura Kumara Dissanayake in his capacity as Minister of Finance, Planning and Economic Development, following Cabinet approval on October 19.

It is also intended to align public-private partnership projects with the public investment management framework under the Public Financial Management Act.