Treasury in bid to help counties on private funds
What you need to know:
- Partnerships between the government, both at the national and county levels, with the private sector have become common and are expected to increase as the country rolls out large-scale development projects such as the standard gauge railway and the Lamu Port South Sudan-Ethiopia Transport (LAPSSET) Corridor.
The National Treasury is coming up with regulations that will guide county governments entering investment partnerships with the private sector.
Through the director of the Public Private Partnerships, Treasury principal secretary Kamau Thugge Monday called upon qualified consultants to help the government with the development of the said regulations as the country eyes increased private investments.
“The overall objective of the assignment is to support the government’s effort in establishing a sound legal framework for the development of PPPs by developing the requisite county government regulations to accompany the PPP Act. This will lead to sustainable infrastructure investment for county government projects and hence improved service provision,” the PS said in a newspaper advertisement.
The move comes after the government received financing from the World Bank for infrastructure finance and public private partnerships projects whose objective is to increase private investment in the Kenyan infrastructure market.
The successful consultant will be paid using part of this money and will be required to deliver within four months.
Partnerships between the government, both at the national and county levels, with the private sector have become common and are expected to increase as the country rolls out large-scale development projects such as the standard gauge railway and the Lamu Port South Sudan-Ethiopia Transport (LAPSSET) Corridor.
The latest of such partnerships at the county level is the recently launched New Machakos City that is hoped to woo investors to the county and improve the livelihoods of people living there.
The hired consultant will be required to involve all the relevant stakeholders at the national and county government levels in developing the regulations that will be crucial in the country’s development agenda under the devolved government structure.
“The consultant will prepare a presentation summarising the draft regulations and explaining the difference between PPP projects at the national level and those at the county government level to be presented at a stakeholder consultation forum,” the Treasury said.
