Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download PUBLIC PRIVATE PARTNERSHIP Department of Economic Planning and Development
Document related concepts
Transcript
PUBLIC PRIVATE PARTNERSHIP Department of Economic Planning and Development ABOUT BRUNEI Land Size : 5,765 sq km Population : 393,162 (2011) Capital : Bandar Seri Begawan Religion: Muslim Majority Currency : Brunei Dollar (par to Singapore Dollar) Language : Malay, English, Chinese Legal System of Commerce: British Common Law Adult Literacy Rate (HDR 2011) Macroeconomic stability (GCR, World Economic Forum, 2012‐13) 95.3 % #1 out of 144 No History of Natural Disasters POLITICAL STABILITY UNDER MONARCHY His Majesty Sultan Haji Hassanal Bolkiah is the 29th ruler in an unbroken chain since the 15th Century STRONG ISLAMIC HERITAGE 66% of population is Muslim EXTRAORDINARY BIODIVERSITY 58% of Brunei’s total land is reserved for conservation OVERVIEW OF BRUNEI’S ECONOMY GDP (2011) : U$20.6bil @current prices GDP per capita (2011) : U$52,400 (est.) GDP composition (2011) • Oil & Gas : 68% • Government services : 12% • Private : 20% Inflation (2011) : 2.0% Crude oil exports (2011) : 154, 627 bpd LNG exports (2011) : 985,204 MMBtu/day Source: DEPD * Exchange Rate USD1 = BND 1.2 OVERVIEW OF BRUNEI’S ECONOMY Largest corporation Brunei Shell Petroleum (BSP) Group Leading local banks Leading foreign banks Bank Islam Brunei Darussalam (BIBD) Baiduri Bank Berhad (BBB) Sovereign Wealth Fund Brunei Investment Agency (BIA) Lead Economic Agency Department of Economic Planning and Development BRUNEI’S VISION FOR THE FUTURE TOP 10 Aims to be one of the Nations in the world Recognised for its quality of life and dynamic and sustainable economy ACHIEVING VISION 2035 INFRASTRUCTURE DEVELOPMENT STRATEGY IN THE VISION 2035: To ensure continued investment by government and through PUBLIC‐PRIVATE PARTNERSHIPS in developing and maintaining world‐class infrastructure with special emphasis placed on education, health and industry. CURRENT INFRASTRUCTURE DEVELOPMENT IN BRUNEI DARUSSALAM All national development projects get their funding from the national development budget, the NDP administered by DEPD. Current process involves proposed projects to be submitted to DEPD for evaluation and endorsement. Projects must be aligned with Brunei’s National Vision : Vision 2035. Vision 2035 Once approved, a budget is allocated according to the Ministry by which the project belongs. PPP IN BRUNEI DARUSSALAM PPP is still relatively underutilised in Brunei as compared to most developed countries including the United Kingdom, Australia, Singapore and Malaysia. At the moment, PPP framework is a work in progress and DEPD is the government agency assigned to implement projects via the PPP model in Brunei. SNAPSHOT OF PPP PROJECTS IMPLEMENTED Invest, Refurbish and Operate Three (3) Blocks of Apartment at Ong Sum Ping ON‐GOING 2000 Housing Community and Commercial Development PPP PROJECT PROJECT ONG SUM PING (OSP) Objective To add value to under‐utilised and idle government assets Background In 17 March 2010, His Majesty consented for Bina Puri Holdings Bhd to refurbish and operate 3 empty blocks of apartment buildings at Ong Sum Ping for a period of 20 years Benefits from PPP 1. Investment of $9.2m in the refurbishment of the apartments. 2. Government revenue received from guaranteed lease rentals of $750,000 per annum of 20 years. 3. Value optimization of government assets. PROJECT TIMELINE 17 August 2010 Agreement Signed 18 August 2010 Implementation August 2011 Commercial Operations CURRENT PPP PROJECT 2000 HOUSING COMMUNITY AND COMMERCIAL DEVELOPMENT Objective Reduce reliance on government resources to provide social infrastructure. Background The completion of the 2000 national housing project at Kuala Belait will create requirements for commercial and community facilities, e.g. parks, community hall which can be provided by the private sector through PPP. Benefits from PPP 1. Free facilities by allowing private sector to invest in and operate the commercial area. 2. Government revenue received from land lease rentals. 2000 Housing Site PROJECT TIMELINE 16 Nov 2010 RFP advertisement 14 March 2011 RFP submission deadline 14 March 2011 Evaluation To KB town To Seria town CHALLENGES Improve awareness of PPP Concept for public & stakeholders Working together with Local and International Financiers (Islamic Financing) To develop Public Sector Comparator (PSC) & Value for Money (VFM) template structured for PPP To Localise PPP Framework in Brunei Darussalam PROPOSED APPROACH INTEGRATION WITH THE NDP PROCESS To provide a systematic approach for implementation, it is proposed for the PPP process to be integrated to the NDP. Proposals which have been submitted to DEPD for consideration to be developed through NDP would first need to be assessed on whether it would be more value to be implemented via PPP rather than the traditional method of sole government funding. Initial assessment to be based on agreed criteria. PROPOSED INSTITUTIONAL STRUCTURE PROPOSED STEERING COMMITEE PROPOSED CENTRAL PPP UNIT Sets the strategic direction for PPP development in Brunei. Acts as secretariat to the Steering Board. Sets the PPP framework – policy, procedures and guidelines for implementation of PPP projects. Facilitates and administers the PPP policy and procedures. Recommends projects for his Majesty’s approval. Works with relevant government ministries/ agencies to implement their PPP projects. Members to consist of various key decision makers. CORE PROJECT TEAM Responsible for the planning, evaluation and implementation of the project. WAY FORWARD THANK YOU! About Department of Economic Planning and Development (DEPD) Vision REPORTING LINE The Centre of Excellence in Economic Planning Mission We Provide Economic Planning For National Development HIS MAJESTY SULTAN HAJI HASSANAL BOLKIAH SULTAN AND YANG DI-PERTUAN OF BRUNEI DARUSSALAM Deputy Minister Prime Minister Office Strategy To work with Local and International investors to develop new economic opportunities where Brunei has competitive advantage Permanent Secretary Director General Department of Macroeconomics Department of Economic Planning and Development (DEPD) Prime Minister Office Nov 2012
