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Public-Private Partnerships (PPP) in Malé, Maldives enable cooperation between government entities and private sector companies for the delivery of public infrastructure, services, and development projects. PPPs are typically used to harness private investment, expertise, and efficiency in areas like transport, utilities, healthcare, tourism, and housing. These partnerships are governed by a specific legal and regulatory framework to ensure transparency, fair risk allocation, and successful project implementation. PPP projects in the Maldives are vital for economic growth, especially given the country's unique geography and developmental needs.
Engaging in or considering a Public-Private Partnership comes with complex legal, financial, and operational considerations. Here are some common reasons why you may need a lawyer for PPP matters in Malé, Maldives:
Public-Private Partnerships in Malé are primarily regulated by the Public-Private Partnership Act (Law No. 20/2019) and overseen by the Ministry of Finance. The law sets out requirements for transparency, competitive bidding, and contract management, aiming to attract and safeguard investments while ensuring public interest. Key aspects of the local PPP law include:
Additionally, specific PPP projects, especially in sectors like tourism, energy, or infrastructure, may be subject to additional laws and sectoral regulations, such as the Land Act, Environmental Protection and Preservation Act, and tax laws.
A PPP in the Maldives refers to a cooperative arrangement between a public authority and one or more private entities to finance, build, and operate projects or services traditionally provided by the government.
The Ministry of Finance is the primary oversight body for PPP projects in Malé. Sector-specific ministries may also be involved, depending on the nature of the project.
PPPs are used in sectors such as infrastructure (roads, ports, airports), utilities (water, electricity), healthcare, tourism, housing, and more.
PPP partners are typically selected through a transparent and competitive bidding process, as required by Maldivian law.
Yes, foreign investors can participate in PPP projects, subject to relevant Maldivian investment and sector-specific regulations.
PPP contracts can vary in duration, often ranging from 10 to 30 years, depending on project size, sector, and investment requirements.
Risks are typically allocated between the public and private partners based on negotiations and the nature of each risk (financial, operational, legal). The goal is to assign risks to the party best able to manage them.
PPP contracts include dispute resolution mechanisms, such as negotiation, mediation, or arbitration, in line with Maldivian law and international best practices.
Many PPP projects must undergo environmental impact assessments and comply with standards under the Environmental Protection and Preservation Act.
Key contract provisions include clear risk allocation, payment terms, performance standards, dispute resolution clauses, termination conditions, and mechanisms for regulatory compliance.
If you need more information or guidance regarding PPPs in Malé, Maldives, consider reaching out to these organizations and resources:
If you are considering entering into or are already involved in a Public-Private Partnership in Malé, Maldives, here are some practical steps to follow:
Working with a specialized lawyer can help ensure that your interests are protected, contractual arrangements are fair, and your PPP venture is structured for long-term success.
