Partnership arrangements between the public and private sectors in the country, has been further boosted with passage of the Public Private Partnership Bill 2014 in Parliament this morning.
The bill was passed unanimously, with 67 votes in favour of it, passing the absolute majority of 56. No one voted against the bill. The bill was tabled by Treasurer Patrick Pruaitch and was passed after three readings. The Partnership Bill 2014, allows for the public and private sectors to work in together. It further provides for the establishment of a Steering Group and a P-P-P Centre under the authority of the Treasury Minister. Parliament also passed the Small and Medium Enterprises Corporation Bill 2014. This bill was tabled by Trade, Commerce and Industry Minister Richard Maru. The bill was passed with 64 votes in favour, and non against. The bill allows for the establishment of the S-M-E Corporation and establishes the S-M-E Development Control. It also repealed the Small Business Development Corporation Act 1990. Comments are closed.
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