Bangladesh Advances Delta Plan Accelerator with Emphasis on Private Sector Investment
In a significant stride towards sustainable delta management, Bangladesh is making substantial progress in the implementation of the Delta Plan Accelerator program. Guided by the High-level Advisory Committee (HLAC), chaired by the Secretary of the General Economic Division, Planning Commission, the nation is focusing on the ambitious Bangladesh Delta Plan 2100.
As the largest delta in the world, Bangladesh’s visionary plan aims to attract 30% private sector investment in climate-smart adaptive delta management programs. The 2030 Water Resources Group (2030WRG) is facilitating collaboration between Multilateral Development Banks (MDBs), the public sector, and private entities to realize this forward-looking vision.
In a recent meeting convened on 22 January, the Committee identified 10 priority projects under the Delta Plan, slated for implementation through Public-Private Partnerships (PPPs). The committee is actively collaborating with the Public-Private Partnership Authority in Bangladesh to refine PPP guidelines, creating a more conducive environment for private sector investment.
The burgeoning market for private sector participation in mainstream climate-smart water resources management projects indicates a positive trend in Bangladesh. The Multi-Stakeholder Platform (MSP) has emerged as a pivotal platform for all relevant stakeholders to champion the PPP agenda. As the country continues to pave the way for sustainable development, the emphasis on private sector involvement marks a strategic move towards ensuring the longevity of climate-smart initiatives.