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