KUALA LUMPUR: The government will review the Public Private Partnerships (PPP) programme and make necessary adjustments to be included in the 11th Malaysia Plan.
Minister in the Prime Minister's department Datuk Seri Abdul Wahid Omar said the government wants to make the facilitation fund a more effective financing medium than it currently is.
"Moving forward to the 11th Malaysia Plan, we are looking to modify the fund, which were mostly given to high-impact projects, to be converted from the form grants to some form of sub-equity.
"For now, we are giving out up to 10 per cent of the Gross Development Value (GDV) but we plan to stretch it further to get more impact. So far we have already approved RM11.2 billion in terms of the facilitation fund," he said after launching of the International Directors Summit (IDS) earlier today.
Public–private partnership is a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies.