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The parliament has approved legislation governing all 'public private partnerships'

The parliament has approved legislation governing all ‘public private partnerships.’ “The law will be applied to government and municipality projects, such as infrastructure. This includes electricity production and distribution, public transport, and trash management, as well as telecom and civil aviation. The Higher Council for Privatization and Partnership will be the authorized party for approving, launching, and managing projects, and it will act as the liaison between the private sector and government bodies. A regulatory authority will be established for each concerned sector to issue, renew, and terminate licenses. The authority will also approve service charges and impose fines.”

Source: BusinessNews.com.lb

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