Parliament chaired by Speaker Rebecca Kadaga has passed the Public Private Partnership (PPP) Bill, 2012.
The Bill was first tabled before Parliament for reading early February this year by State Minister for Finance Aston Kajara.
The bill seeks to govern the relationship between government and the private party in public private partnerships and to provide for guidelines and procedures for the development of PPP projects.
It also seeks to provide for methods of procurement and the engagement of the private party partners in PPPs and to provide for roles and responsibilities of government bodies, project officers and the private party during the development and implementation of the PPP projects.
Public Private Partnerships are long-term contractual arrangements between the public and private sector, in which the private sector is responsible for significant aspects of building infrastructure to deliver public services.
They are fronted as a good alternative to funding expensive and long-term undertakings such as roads and railways.
Under PPPs, infrastructure is built, managed and maintained by the private sector which then charges the public a certain fee for using the road.
One of the key issues in the bill is the creation of a unit to oversee the implementation of public-private partnerships. The unit will help with project selection, development, tendering and management.