May 21, 2024, Tuesday
Nepal 1:37:26 pm

IBN favours capacity building of PPP professionals

The Nepal Weekly
February 28, 2023

A four-day ‘CP3P (Certified Public-Private Partnerships Professional): The APMG PPP Certification Program’ kicked off in Kathmandu on Monday.

With support from the Asian Development Bank, officials from nine different ministries, the Office of Investment Board Nepal and embedded consultants are attending the foundation-level training program designed by the APMG International for the public-private partnership (PPP) professionals. The training sessions are expected to enhance knowledge and capacity of the staffs concerned in the areas of project ideation/preparation, structuring (allocation of responsibilities and risks to the parties to a PPP agreement and the determination of a finance structure to a PPP project), project procurement and management, according to a press statement issued by Investment Board Nepal (IBN).

Speaking at the program, the IBN’s CEO Sushil Bhatta, said that capacity building is imperative for taking PPP projects forward. “Being a specialized agency for execution of the PPP projects, we must have efficient human resources to facilitate the investment projects during its entire life cycle from preparation to risk minimization, project procurement, implementation, and operation,” remarked Bhatta.