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    Term Paper on A study on Assignment on Public Private Partnerships in Bangladesh   Course Name: New Public Management: Concepts and Strategies Course Code: PA- 3626  Submitted to Md. Nasir Uddin Lecturer Department of Public Administration Bangladesh University of Professionals (BUP) Submitted by Md. Abubokkor Siddik ID: 16161020 3rd Year, 6 th  Semester Department of Public Administration Bangladesh University of Professionals   Bangladesh University of Professionals Submitted on: 22 October, 2018   May 08, 2018 Lecturer, Md. Nasir Uddin Faculty of Arts and social Science Department of Public Administration Bangladesh University of Professionals (BUP) 12, Dhaka 1216, Mirpur Cantonment, Bangladesh Subject: Public Private Partnerships in Bangladesh Dear Sir, It is a great pleasure for me. I have submitted my assignment on the topic of “ Public Private Partnerships in Bangladesh ” . I have prepared this assignment, as an accomplishment of the course requirement. To make this assignment up to the standard, I have tried my level best to fulfill the requirements. I hope that it will help us in our future practical life. Sincerely yours, …………………… Md. Abubokkor Siddik Id: 16161020 1st Batch, 6th Semester B.S.S (Hons) Session: 2015-2016 Department of Public Administration Bangladesh University of Professionals (BUP)  Public Private Partnerships in Bangladesh Public- Private Partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies. The term public refers to government including both central and local level state institutions. This review has grouped both the profit private sector, and non-profit NGOs under the term private sector. It also highlights PPP potentials, infrastructures, roles of PPPs as well as advantages and disadvantages of PPP in Bangladesh. 1.   Introduction PPP involves a contract between a public sector authority and a private party, in which the  private party provides a public service or project and assumes substantial, technical and operational risk in the project. In some types of PPP, the cost of using the services is borne exclusively by the users of the services and not by the taxpayer. In other types (notably the  private finance initiative), capital investment is by the private sector on the strength of a contract with government to provide agreed services and the cost of providing the service is  borne wholly or in part by the government. Bangladesh has been facing many development challenges since gaining independence in 1971. To overcome some of these challenges, the country requires significant investment in energy, transport, and water supply infrastructure and several other sectors. In mid-2009, a policy encouraging public-private collaboration was included by the Government of Bangladesh in the national budget legislation, but it lacked clear guidelines on how to put the government's intentions into practice. Due to the absence of clear guidelines, most of the budget allocated for partnerships by the government was not utilized and the intended public private engagement did not take place. The PPP policy is currently administered under the Prime Minister's Office (PMO), indicating high level support for its effective implementation. The PPP policy and strategy was published in August 2010. The government has also allocated a significant amount of money in the FY 2011 budget to take PPPs forward. 1.1   Present state of socio-economic development of Bangladesh Bangladesh is an E9 country and a ‘least developed country’ with deep -ridden and inherited extreme poverty and hunger, growing social and economic disparities, frequent cases of  political and civil unrest and the daunting challenge of natural hazards, likely to be further compounded by climate change in the years to come. According to the Human Development Report (HDI) 2010, Bangladesh is one of the countries that made the greatest progress in recent decades, as measured by the Human Development Index (HD I). Bangladesh’s HDI has increased by 81 per cent in the past 30 years. Even with such impressive relative gains, Bangladesh remains a country in need of continued and coherent development assistance. The Monitoring of Employment Survey of Bangladesh 2009 estimated that 53.7 million from the working-age population (15 years and above) are in the workforce. 40.2 million Workers are male and 13.5 million are female. The female labor force increased by nearly 12 per cent   between 2006 and 2009, while the male labor force increased by nearly 8 per cent. This indicates increased presence of women in the job market, bolstered by the readymade garments sector and opportunities created by microcredit operations in both rural and urban areas for various income generating activities. The Labor Force Survey (LFS) 2010 estimates that about 89 per cent of jobs in the labor market fall within the category of informal employment. This is more prevalent in rural areas than in urban areas and women are more likely to employ under informal arrangements. 1.2   The development challenges Bangladesh is facing Economic development without socio-economic challenges is inconceivable. The journey to development has never been easy for any nation and it is always a long hard battle to turn  promises into achievements. Bangladesh is a developing economy growing with an annual growth rate of around 6 per cent, striving to become a member of the middle income group. The per capita income and GDP size of Bangladesh are also growing with tim e. The country’s economy is changing from traditionally agro-based to industry-based entity. The country is making progress which is more or less visible. At the same time, it is also visibly clear that the growth is not inclusive. Economists have defined economic growth as the increase in the market value of the goods and services produced by an economy over time. It is conventionally measured as the percentage rate of increase in real gross domestic product, or real GDP. In our case, not all the people are getting better off, rather it is a group or few groups of  people who are getting richer every day and amassing wealth beyond measure. An average of the income of the common people and that of rising wealthy community may rise from time to time, but that does not indicate a real income growth. Parameters of growth stretch far beyond and involve series of socio-politico-economic challenges, some of which are mentioned below: 1.   Absence of inclusive growth: 2.   Absence of family/ social bonding: 3.   Ensuring institutional capacity building and good governance: 4.   Providing equal opportunities for local and foreign investors: 5.   Maintaining a balance between local versus imported products: 6.   Maintaining political stability: 7.   Managing rise in unemployment: 8.   Ensuring demand driven and profession oriented education:

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Nov 13, 2018
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