1ST PUBLIC-PRIVATE PARTNERSHIP (PPP) AGREEMENT SIGNED IN SOUTHERN SUDAN

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) March 4, 2010 -- Juba, Southern Sudan - After the series of technical collaborations, the Ministry of Finance & Economic Planning of GOSS have decided to adopt and take advantage of the internationally recognized PPP approaches in bringing-in infrastructure projects and attracting investments in the country. It would be the first and the largest investment project to be undertaken by the Government of Southern Sudan in partnership with the private sector at a cost of 10.1 Billion US Dollars.

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1ST PUBLIC-PRIVATE PARTNERSHIP (PPP) AGREEMENT SIGNED IN SOUTHERN SUDAN

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The PPP Agreement will give birth to a new company to be known as the New South Sudan Company (NSS) whose special mandate is to implement the New South Sudan Initiative Housing Project. It will create executive organization, appoint top executives, hire support staff, sign contracts with major contractors and sub-contractors, and establish relationship with other investors. All for a common purpose of achieving a viable housing project that can provide reasonable returns to stockholders and stakeholders and at the same time ensure the delivery of basic quality services to the beneficiaries of the housing projects.

“For developing countries like Southern Sudan, strength sharing is the key for a successful PPP project. In the case of the New South Sudan Initiative Housing Project, the public sector will share land, investment guarantee and provide regulatory laws, while the private sector will share technology and provide financial resources to come up with a reliable and viable infrastructure project.” says AMCA’s International Business Development Director, Mr. Amando M. Cabana.

More information can be found online at http://www.amcabana.com

investment     project financing     real estate     southern sudan