Vote of the law on public-private partnership: Benin is committed towards major investments.
The Honorable members of the Seventh Parliamentary term have voted this Tuesday, October 12, 2016 the Law on Public Private Partnership (PPP).
Initiated by the Honorable Jean-Michel Abimbola, this law proposition that just have the endorsement of Deputies will allow our country to multiply its capacity to invest in large public works.
The initiator of this bill was a guest this morning show 5/7 Matins of the Office of Radio and Television of Benin (ORTB). The Honorable Jean-Michel Abimbola says the vote of the law on Public Private Partnership is an opportunity for Benin.
According to the parliamentarian, Benin has never exceeded the threshold of 20% of the general budget of the state in public investment after paying debts and the civil servants salaries. Now it is proved that there is need for an average of 30% of the state budget, for public investments to have a real social impact.
According to Jean-Michel Abimbola, the law is more a chance for Benin because it limits the risk of state debt and the collateral risks that will now be shared by the state and private economic operators. He concludes that with this law, the development of our country will finally know an acceleration.