The Government recognizes the importance of improving and expanding infrastructure services
for sustaining economic and social development in its Medium Term Development Framework
(2005-2010) (MTDF). Improved quality and service coverage in power and water supply, health
and education, sewerage treatment, transport and logistics are vital for Pakistan’s economy
and the livelihood of its people.
Fiscal constraints in every country have
- commitment and participation at the highest levels within the Government;
- a conducive policy framework;
- an institutional set up containing core expertise to coordinate and promote PPP activities;
- a communication strategy;
- a policy on targeted subsidies; and
- availability of long term fixed rate financing in local currency.
As a follow-up to above, and with the assistance of the Asian Development Bank, the Government has structured a PPP program that includes;
2 - Establishment of the Infrastructure Project Development Facility that serves as the Secretariat to the Task Force, provides 'hands-on' technical assistance to implementing agencies at all tiers of government, builds their implementation capacity, and provides inputs financing, guarantees, subsidies etc.; and
3 - Formulating a business plan to establish the Infrastructure Project Financing Facility (IPFF) to provide 'residual' long term fixed rate local currency financing.