Capital market not ready for PPP funds says A QUADIR CHOUDHURY

He put some suggestions, think about all the things about PPP funds.
These are below:
1. The government should immediately offload by direct listing
reamining shares of those state-owned enterprises, which ar listed in
the bourses & take steps to enlist at least 40% shares of the
erstwhile state comercial banks as a first measure to insulate the
capital market. The government should perform & set examples of
performances.
2. The government should force foreign banks, pharmaceutical
companies, mobile phone oparators & multinational companies to be
listed.
3. It will have to put a cup on the credit ceiling of all the local
big companies or group of companies with a tie on either paid up
capital or credit exposure on individual company or group of companies
in respect of borrowing from banks singly or through syndication
making it mandatory on them to plough back the syndicated fund from
the capital market through IPO after certain period of time. This type
of syndicated project loan may be termed as "Bridge-Loan" instead of
long term loan to be preceded by memorandum of understanding to be
signed between the banks & the borrower after the limit is sanctioned
whereby the borrowing company shall be pledge bound to repay the loan
by raising fund from the capital market within the stipulated period
as agreed upon in the MoU which is how the market can be enlarged &
the fund may be recycled for other projects.
4. Immediate listing of projectr or bridge such as the meghna bridge,
bhairab bridge & zia fertiliser factory which have crossed break even
& are now getting huge profits may create pool of fund to be
re-invested by the government in other infrastructure projects.
5. The government should follow the success stories of build follow
the success strories of build own operate & build operate transfer
models followed by Thailand, Malaysia, Indonesia & other countries.
6. The PPP projects with Bangladeshi companies should be allowed to be
listed in the capital market only after they have crossed proven
breakeven point & gme to profit, otherwise any attempt to raise money
from the capital market for the PPP green field projects may prove
counter productive. The government should remember the oft quoted
simple arithmetic dictum, "Two & two doesn't always make four"