Cabinet considered and approved the proposed Policy Framework for Government Shareholding/Equity in Public-Private Partnerships, which was presented by the Honourable Vice President, Dr. Gen (Rtd) C.G.D.N. Chiwenga.
Since the inception of the Zimbabwe is Open for Business mantra, there has been an increase in private sector players who wish to partner and do business with Government and Government-owned public enterprises in the rehabilitation of all major roads, railways and other related infrastructure. The policy framework by Government, therefore, will guide private sector participation in Public-Private Partnerships as prescribed under the Zimbabwe Investment and Development Agency (ZIDA) Act [Chapter 14:38] and the Public Procurement and Disposal of Public Assets Act [Chapter 22:23]. The objective of the policy framework is to ensure value for money and to safeguard the national interest.