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Sunday, June 14, 2020 / 9.00AM / ICRC / Header Image Credit: ICRC
Finance, Budget and National Planning Minister Mrs. Zainab Ahmed and her
colleague and Minister for Works and Housing Mr. Babatunde Raji Fashola,
SAN have been scheduled as speakers at the Turkey-Nigeria Public-Private
Partnership Knowledge Webinar for Professionals.
Also, Prof. John Davie of Altra Capital UK and Author of the
book "PPP Book - Public-Private Partnerships Unbundled" alongside other
speakers will feature at the webinar.
The Webinar which will hold on Thursday, June 18, 2020, by 2.00 PM is
organized by the Infrastructure Concession Regulatory Commission, ICRC in
partnership with the Lagos Business School Centre for Infrastructure Policy
Regulation Advancement, CIPRA.
Public-Private-Partnership
(PPP) is the widespread public procurement policy adopted by many governments
all around the world to deliver exceptional public services for their
communities.
In
this direction, a significant portion of Turkey's well-known megaprojects,
including the Istanbul Airport, the Eurasian Tunnel, the Yavuz Sultan Selim
Bridge, the Osmangazi Bridge, city hospitals across the country and several
railway projects, were completed with the efficient implementation of
public-private partnership (PPP) schemes. Turkey's successful realization of
projects financed with the PPP model has been cited in global listings and has
set an example for many other developing countries.
The
contract value of public-private partnership projects carried out in Turkey
since 1986 is nearly $140 billion, while the country
ranked first in the European market during 2014-2018 with projects that have an
investment value of 22.76 billion Euros (2018 PPP Report Presidency of Strategy
and Budget)
The
2018 Public-Private Partnership Report prepared by the Presidency of Strategy
and Budget of Turkey underscored the importance of the PPP as an alternative
financing model for the construction of mega-scale infrastructure investments,
including highways, bridges, airports and hospitals. The PPP model, the report
noted, expedites the completion process of investments and improves the service
quality of these projects with the participation of the private sector while
decreasing the burden on the public budget and reduces costs.
Turkey
has been carrying out a great number of megaprojects under this PPP program
since 1986. Currently, 210 PPP projects are actively in operation. Turkey has
favourable investment legislation for PPP investments that can be realized
through various models, such as build operate, build-operate-transfer, transfer
of operational rights. Turkey's investment climate is further strengthened by
domestic and international laws that protect investments and provide
international arbitration. Turkey's macroeconomic policies, investments and
more importantly, strong public finance management support PPP investments that
require guaranteed purchase.
Participants
will gain insights and listen to how Nigeria and Africa can replicate Turkey's
massive PPP successes Post COVID 19 and the "What and How" of this
successful mega projects
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