Monday, May 14, 2018
MOTC Finalizes Key Strategy on Private Sector Participation in Transport Industry
Doha – QatarThe Ministry of Transport and Communications (MOTC) has finalized a consultancy study on the project “Private Sector Participation Strategy for Qatar’s Transport Projects in Qatar.”The new strategy includes an all-inclusive guide that explains the framework and mechanism of the private sector’s participation in rail, land, maritime and aviation transport projects.As the PSP Strategy is now complete, MOTC has prepared a pilot project on a private sector participation in the public transit sector which will be presented to the private sector later this year.“The new strategy reflects the wise vision of HH the Emir Sheikh Tamim bin Hamad Al Thani, for supporting the private sector to make it a fundamental asset for the national economy. This happens by involving it in our nationwide development process, thus achieving Qatar National Vision 2030,” HE Minister of Transport and Communications Jassim Saif Ahmed Al-Sulaiti commented on the announcement.“The strategy,” he added, “also translates the considerable attention from HE Prime Minister and Interior Minister Sheikh Abdullah bin Nasser bin Khalifa Al Thani, to achieve the vision by enacting the policies, standards, regulation and programs that encourage the private sector’s participation in Qatar’s economic development projects, and remove the obstructions it encounters.”The Minister said MOTC, “has given an ideal example of promoting a broader private sector participation in mobility projects, by making it unlimited to project setup only, but extending it to developing real operational activities.”This helps enrich Qatar’s private sector investment approach and thereby localize expertise and applied technology, he noted.The project on “PSP Strategy for Qatar’s Transport Projects”, which MOTC executes as part of its larger plan that aims to enlarge the private sector’s share in the transportation sector, seeks to encourage and attract private investments and develop an integrated strategy and framework based on shared participation.MOTC also wants to understand to what extent Qatar’s transportation sector is capable and ready to accommodate such private investment.The Ministry will soon hold a workshop to explain the strategy, its framework and plan of action to all bodies concerned and stakeholders.
