By Agency Reporter

What influenced the establishment of Infrastructure Concession Regulatory Commission?

Most people believe that the provision of roads, bridges, railways, electricity, air travels, water ways are under the purview of public sector services. Government is the primary provider of such social services and infrastructural facilities. It is through effective and efficient provision of those services that we create development. In fact, that is the main aim of government. In recent years between 20-30 years, the approach in providing these services has begun to change. Governments all over the world, many economies, developed and developing countries are finding it appropriate and desirable to involve private sector agencies in the provision of those services, through various channels, mostly in concession. In simple terms, concession means a situation where government or public agencies enter into a partnership agreement… mostly long-term agreement with a private agency or group to provide the service to the public. Many different configurations of the agreement are possible. Concessioning is recognised as the most effective.

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Posted by boyang at January 10, 2009 4:38 PM