APMG PPP certification training kicks off

KATHMANDU: A four-day APMG PPP Certification Program kicked off in Kathmandu on Monday.

Officials of nine different ministries, Office of the Investment Board Nepal (OIBN) and embedded consultants are participating in the foundation-level training program designed by the APMG International for the PPP professionals, a statement issued by OIBN said.

The program is supported by the Asian Development Bank (ADB).

OIBN expects that the training program will enhance knowledge and capacity of its staffs in the areas of project ideation/preparation, structuring (allocation of responsibilities and risks to the parties to a PPP agreement and the determination of a finance structure to a PPP project), project procurement and management, the statement added.

Addressing the inauguration ceremony, IBN CEO Sushil Bhatta said there was a need to take public private partnership projects forward. “Being a specialized agency for execution of the PPP projects, we must have efficient human resource to facilitate the investment projects during its entire life cycle from preparation to risk minimization, project procurement, implementation, and operation,” he added.

Office of the Investment Board Nepal will absorb, utilize, and preserve the knowledge/expertise and gradually move ahead to achieve excellence through initiating innovative steps in the execution of PPP projects, he added.

Similarly, ADB Country Director Arnaud Cauchois said emphasis on standardization of knowledge on PPP will pave way for effective PPP practices in the regional and national/local context.