Review of Potentialities and Challenges of Public Private Partnership: Evidence from Bangladesh

Public private partnership plays significant roles bringing foreign investment into Bangladesh. The objective of the paper is to find of Potentialities and Challenges of Public Private Partnership Implementing Mega Project in Bangladesh. Furthermore, the paper also looks for critical success factors for implementing public private partnership in Bangladesh namely strong legal and regulatory frameworks, transparent procurement processes, stakeholder engagement, and effective risk allocation. The authors have been able to review more than thirty investigations over a ten years period, from 2013 to 2022. The paper is theoretical and analytical in nature and secondary method has applied. The findings of the study suggest that Public private partnership have the potential to accelerate infrastructure development in Bangladesh, but their implementation requires a robust legal and regulatory framework, an effective procurement process, and strong institutional capacity. The study also underscores the need for collaboration between the public and private sectors to create an environment that fosters Public private partnership and promotes sustainable infrastructure development in Bangladesh. Overall, this paper provides valuable insights for policymakers, investors, and other stakeholders interested in the potentialities and challenges along with several success factors of Public private partnership in implementing mega projects in Bangladesh.