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Unformatted text preview: re put in place rapidly and delays are minimised. Funding is needed to ensure that every EPP has sufficient funds to cover its developmental and operational costs and may require contributions from both private and public sources. The private sector is expected to provide the majority of funding, while the Government will ensure that its contributions are used for the highest impact EPPs and are allocated transparently. While the private sector will lead the delivery of EPPs and will have responsibility for funding these projects, it will also need to highlight areas where support is required. As such all of Government will come together to ensure delivery. Here are examples of the roles of Government agencies: • Ministries will predominantly play a supporting role to resolve any issues that may arise in the implementation of EPPs. However, some ministries may have accountability for the delivery of selected EPPs (varies depending on the NKEA), especially where no natural private sector owner exists; • Regulators will play a supporting role. Some EPPs may require amendments in regulations or need sector specific incentives. In addition, regulators will coordinate and bring together a group of industry players to collectively implement an EPP or part of an EPP. They will also assess ways to mitigate risks under these projects; • The Economic Planning Unit and the Ministry of Finance will allocate and disburse funding for EPPs where public funding is required; • MIDA will play a supporting role for many EPPs by attracting investment through marketing and business development activities targetting foreign and domestic investors. MIDA will also seek EPP owners, negotiate incentives where necessary and serve as a one-stop shop for investor contact. In some instances, MIDA may lead the first stage delivery of EPPs in the interim, especially those wholly dependent on foreign investment; 114 Chapter 4 Implementation and Delivery • Talent Corporation will provide support to EPPs by executing programmes to attract and retain talent. Similar to MIDA, it may be accountable for the delivery of select EPPs, especially those dependent on attracting talent; • PEMUDAH (a special taskforce to facilitate business) and the restructured and rebranded Malaysia Productivity Corporation will provide support to NKEAs by reviewing and recommending changes to existing regulations and policies with a view to remove unnecessary rules and compliance costs and improve the speed and ease of delivery; • UKAS (Unit Kerjasama Awam Swasta), a unit under the Prime Minister’s Department to facilitate public-private partnership (PPP) will provide support to EPPs eligible for funding via the Facilitation Fund and in structuring PPPs where relevant; and • Government-linked investment entities like Khazanah Nasional Berhad and PNB (Permodalan Nasional Berhad) will provide funding support by co-investing in EPPs that meet their investment criteria. A NEWLY ESTABLISHED ETP UNIT WILL WORK WITH THE ECONOMIC PLANNIN...
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This note was uploaded on 02/24/2014 for the course ACCOUNTING financial taught by Professor Alan during the Spring '14 term at Howard.

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