6 Principles to make PPP successful - Nor Mohamed

Salam and dear all, Utusan Malaysia (23rd Nov. 2010) reported that Nor Mohamed Yakcop, Tan Sri, a Minister in the PM's Department made the following statements in relation to the implementation of PPP in Malaysia... Malaysia would be using PPP as among the key investment platform in effort to promote some RM150 million in spending over the next 10 years. He claimed that such spending is required to sustain a 6% growth in the economy up to 2020. He listed 6 principles to make PPP successful;

• High commitment by the government in implementing PPP projects
• Creating conducive and supportive environments to implement PPP projects
• Selecting capable private sector entity with the necessary financial capability
• Capacity building in human resource
• Financially capable to implement projects on longer term basis
• Work ethics between the public and private sectors.

Read the full report at http://www.utusan.com.my/utusan/info.asp?y=2010&dt=1123&pub=Utusan_Malaysia&sec=Ekonomi&pg=ek_02.htm Wassalam

Rising building material, labour and hidden costs of construction...

Salam and dear all, Read here (The Star, 15th November 2010) on the: Rising building material, labour and hidden costs main concern for Johor developers Wassalam