What is PPP?
A Public-Private Partnership (PPP) is a long-term contract between the Government of Belize and the private sector to deliver public asset or service. Under this model, both partners share responsibilities, risks, and remuneration is linked to performance ensuring projects are efficient, sustainable, and beneficial to the people of Belize.
PPPs are also used to support key economic policy objective like Improving efficiency, balancing fiscal prudence with fiscal stimulus and building resilience to the impact of climate change.
In order to accomplish priority actions in its GSDS objective, national infrastructure plans, or other pertinent strategic objectives for the government, PPPs seek to encourage new infrastructure projects in the following sectors, among others:
- ENERGY AND POWER
- SOLID WASTE
- TRANSPORTATION
- WATER AND SANITATION
- TELECOMMUNICATIONS/INFORMATION COMMUNICATIONS
- TECHNOLOGY-SOCIAL INFRASTRUCTURE
The objectives and scope of the Belize’s National PPP Policy are as follows:
PPPs will be used to support key economic policy objectives.
- Meeting Belize’s infrastructure needs
- Improving efficiency
- Balancing fiscal prudence with fiscal stimulus
- Building resilience to the impact of climate change
Scope of Belize’s National PPP Policy.
- PPPs will be used to deliver new assets and services:
- Assets with significant investment value. (at least USD 10 million)
- Assets with long-term economic lives. (no less than 10 years)
- Output requirements that can be specified and monitored.
- Outputs address stable needs over the contract lifetime.
- Scope for innovation or improved infrastructure performance.
- Ability to generate revenues.
- Priority sectors.
