CYBERJAYA: Prime Minister Datuk Seri Anwar Ibrahim has launched the Public-Private Partnership Master Plan 2030 (Pikas 2030), a strategic plan to provide a robust and sustainable Public-Private Partnership (PPP) landscape to drive the nation's prosperity.
The plan, under the Prime Minister's Department's Public-Private Partnership Unit (Ukas), is an integrated initiative aimed at strengthening governance and project management through a public-private partnership approach. It is an effort to accelerate the nation's economic growth while addressing fiscal challenges.
Pikas 2030 is a continuation of existing public-private partnership policies and guidelines, enhanced with a clearer and more inclusive direction. Through the plan, Ukas said, it had set several key targets that will serve as benchmarks for success.
"Through the PPP projects, the government is expected to see an increase in private investment to RM78 billion, a Gross Domestic Product contribution of RM82 billion and the creation of 900,000 jobs by 2030.
"To ensure the achievement of these goals, Pikas 2030 is built upon four strategic pillars and 17 strategic initiatives. The plan represents the government's ongoing efforts to strengthen governance in the implementation of PPP projects."
Ukas said to achieve the objective, the government will prioritise the implementation of PPP project proposals through competitive bidding via the Request for Proposal (RFP) process.
"The process is set to enhance competition, innovation, service quality and provide the best value to both the government and the public.
"Several new PPP models, such as Redevelop/Regenerate-Operate-Transfer (ROT) and Build-Redevelop/Regenerate-Operate-Transfer (BROT), will also be introduced."
Ukas said the government will focus on the implementation of user-pays PPP projects, in line with its aim to reduce fiscal challenges.
"Concession monetisation models, such as Business Trust financing and Real Estate Investment Trust (REIT), will also be explored as alternatives for PPP project financing.
"The government is committed to ensuring that every effort undertaken through Pikas 2030 will bring about more meaningful and inclusive social and economic changes for all citizens, with the goal of building a progressive nation.
"With active participation from the private sector, the plan will help improve the people's standard of living, while ensuring that the benefits of sustainable development are felt by all levels of society," it said.