Bahrain Finance Minister: Great potential for public-private partnership
Minister of Finance, Shaikh Ahmed bin Mohammed Al Khalifa, highlighted the great potential for Public Private Partnerships (PPPs) as an efficient and reliable financing tool.
Two World Bank experts lectured on the identification of projects eligible for implementation through this model, how they are designed and accomplished. They said that the interaction with officials from ministries and public agencies during the workshop reflected the clear vision and political will in Bahrain to embark in PPPs in a wide range of sectors.
The workshop participants said that it provided an excellent opportunity to discuss various aspects of the topic, including the practical and technical details, the legal framework of the model, risk assessment of the project to ensure its economic value, and the need to change the mentality when it comes to private sector involvement in vital projects, such as accepting the principle of imposing road tolls on use of high quality highways.