The core principle behind the PPP is the creation of a contractual bubble – a framework of contracts.
The procurement guidelines were introduced in April 2015 by ADB. The purpose of these Guidelines is to inform those carrying out a project that is financed in whole or in part by a loan from the Asian Development Bank (ADB), ADB-financed grant, or ADB-administered funds.
Infrastructure investment needs to be substantially increased in most developing and emerging economies to meet social needs and support more rapid economic growth.
The policy framework for investment provides a systematic approach for improving investment conditions and a comprehensive checklist of key policy issues for consideration by any government interested in creating an enabling environment for all types of investment.
The purpose of these principles is to help government work with private sector partners to finance and bring to fruition projects in areas of vital economic importance, such as transport, water and power supply and telecommunications.
The Recommendation calls for governments to assess their public procurement laws and practices at all levels of government in order to promote more effective procurement and reduce the risk of bid rigging in public tenders.