Sri Lanka, Nov. 12 -- The Sri Lankan Government gazetted the proposed Public-Private Partnerships (PPP) Bill, marking a step towards establishing a dedicated National Agency and a comprehensive legal framework to encourage and facilitate partnerships between the public and private sectors.

Titled the Public-Private Partnerships Bill, the proposed legislation provides for the establishment of a National Agency for Public-Private Partnerships, which will be responsible for promoting, coordinating and supporting PPP initiatives across the country.

The gazette notification follows Cabinet approval granted on 19 October for the publication of the draft Bill and its subsequent submission to Parliament.

The Cabinet had first approved the intr...