STF’s second PPP programme discusses project feasibility

SHARJAH - The participants of the second Public Private Partnership (PPP) programme of the Sharjah Tatweer Forum discussed the feasibility status of their projects at the third session of the Public Private Partnership programme of the Sharjah Tatweer Forum.

By (Staff report)

Published: Fri 28 Mar 2008, 12:29 PM

Last updated: Sun 5 Apr 2015, 1:24 PM

The third session of the PPP programme was held at the iconic Qanat Al Qasba on Wednesday.

Over thirty participants, who include heads of various government departments and senior executives from private sector organisations, have been invited to be part of this year’s PPP programme.

The programme aims to foster public private partnership and encourages the private sector to play a greater role in the economic and social development activities in Sharjah as well as promote the opportunities in the emirate in the fields of culture, commerce, industry and tourism. It is aimed at promoting closer working relationships and sharing of best practices between organisations from both public and private sectors.

Edward White of the Washington, DC-headquartered The Institute for Public Private Partnerships (IP3) talked in detail on Feasibility Studies for PPP.

The Feasibility Study, said White, forms a critical part of any PPP project. The study apart from providing information about costs, allows for the identification, quantification, mitigation and allocation of risks. The study prompts to consider how the project will be structured and identifies that may cause the project to be halted and ensure that the project is developed around a proper business plan, he added.

In another session, senior executives from Booz Allen Hamilton, a global strategy and technology consulting firm, discussed the need for developing the right strategies for the success of any PPP initiative. The executives provided examples of successful PPP projects undertaken in different parts of the world, and stressed the need to develop best practices.

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