Fast-tracking PPP projects in the era of COVID-19 and beyond
COVID-19 has shaken the global community to its core, with effects on all sectors around the world and the economic impacts on Public Private Partnerships is no exception.
As this pandemic continues, it will place a tremendous burden on project stakeholders and government bodies from private and public sectors, with the pressure already mounting as additional funds are being directed towards national emergency and suitability programs rather than funding of greenfield projects.
Many regional PPP infrastructure projects have been highly affected with bid deadlines having been extended for new projects; ongoing projects facing interruptions in supply chain; and operational projects experiencing considerable revenue generation challenges.
Therefore, the situation presents a great opportunity for all stakeholders involved to truly come up with innovative solutions that will lead to sustainable and resilient PPPs in order to mitigate the coronavirus’ impacts.
The PPP MENA virtual boardroom will bring together all the key stakeholders from government entities, PPP units, developers, operators, investors, contractors and financial institutions to discuss pressing challenges facing the sector and exchange ideas on how PPP projects can be fast tracked, best practices for managing contractual issues and innovative funding models for upcoming PPPs.