Five key challenges should be addressed to effectively implement the projects taken under the Public Private Partnership (PPP) in Bangladesh, according to a new study of Bangladesh Institute of Bank Management (BIBM).
Project selection, unusual project cost and delaying in project implementation, incomplete feasibility study, lack of supervision and capacity and corruption are the major stumbling blocks to project implementation, the study reveals.
The findings of the study were disseminated at a seminar titled, 'Financial and Non-Financial Issues in Implementing PPP in Bangladesh: An Examination of PPP Projects in Pipeline" at BIBM auditorium in the city.
BIBM Director (Research, Development and Consultancy) Prof Dr Prashanta Kumar Banerjee presented the research findings, a press release said.
BIBM Executive Committee Chairman and Bangladesh Bank Deputy Governor Abu Hena Mohd Razee Hassan were, among others, present at the seminar held with BIBM Director General Dr Toufic Ahmed Choudhury in the chair.
Razee Hasan said a total of 47 projects from various sectors, including railway, telecommunication and power, are implementing under the PPP in the country.
"There're many challenges to implement these projects. If we fail to address these challenges, it will be difficult to maintain our economic growth," he added.
Associate Professor of BIBM M Bahbubur Rahman Alam presented findings of another research on 'Evaluation of Core Banking Software in Bankers of Bangladesh'.