02/23/2024 | Press release | Distributed by Public on 02/23/2024 06:46
Media statement for the notification on the amendments to the national treasury regulations 16 and municipal public private partnership regulations
National Treasury has drafted amendments to the Treasury Regulations 16 and key elements of municipal legislation in line with the recommendations of the completed review of the Public Private Partnerships (PPP) framework. This is in line with the announcement made by the Minister of Finance in the 2023 Medium Term Budget Policy Statement that the publication of amendments to the respective Regulations, will be communicated in the 2024 Budget.
On 19 February 2024, National Treasury published the amendments to the National Treasury Regulation 16 and the Municipal PPP Regulations for public comments.
The proposed amendments are expected to reduce the processes required for planning and procuring of PPPs, resulting in simpler regulations that align with project size and complexity.
The proposed new regulations clarify the institutional arrangements in terms of who is responsible for what across the PPP project cycle. Further, the proposed amendments make it easier for the private sector to engage with investment opportunities while taking account of the risks that come with PPPs.
The proposed amendments to the PPP regulations are summarised as follow:
Legislative amendments to NTR 16 and Municipal PPP Framework:
The National Treasury is inviting practitioners on PPPs and non-practitioners, in the public and private sectors, to provide comments on the published amendments to the PPP Regulations. Written comments on the proposed amendments should be submitted to [email protected] within 30 days after the date of publication of the Notices. A detailed explanatory note on the amendments can be found on the National Treasury website: https://www.treasury.gov.za.
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