(MENAFN- The Peninsula) The Peninsula
The Ministry of Transport and Communications (MoTC) yesterday organised a workshop on ‘Private Sector Participation Strategy for Qatar's Transport Sector' with an aim to leverage capital and efficiencies associated with the private sector in delivering excellent transport infrastructure projects.
The workshop mulled over a project on 'Private Sector Participation Strategy for Qatar's Transport Sector and was attended by representatives from the Ministry, Qatar Chamber, relevant government entities, mobility, and transportation industry, several private sector companies and financial institutions, the Ministry said in a press release yesterday.
The workshop sought to understand preferences and views of all these entities for the best execution and outcome of the project. The project translates directives of Qatar's wise leadership on the importance of boosting private sector participation in economic projects across the country with a view to maximizing its contribution to the development process nationwide. It also reflects the considerable attention the Qatari leadership pays to the regulation, standards, policies, and programmes that help encourage larger private sector participation in national projects. The project aims to increase private sector participation in Qatar's transport sector, attract more of its investments, develop a PSP Strategy and Framework for the transport sector at a national level, and understand transport sectors readiness to receive such participation.
It also aims to drive private sectors investment into mobility and transport projects by creating a chain of potential projects where the private sector could step into and contribute. The aforementioned PSP Framework is going to cover all modes of transport including rail, marine, bus, taxi, and aviation.
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