This document discusses the need for a framework to encourage private sector investment in long-term infrastructure development projects in Kenya through public-private partnerships (PPPs). It states that PPPs require a concrete framework that harmonizes public and private risk-return objectives to attract long-term private investments with assurances of stable returns. Additionally, the document notes that corruption, lack of transparency, and political instability also impede private sector involvement in infrastructure projects.

1. FRAMEWORK FORPRIVATESECTOR INVOLVEMENTIN
FINANCINGLONG-TERMDEVELOPMENTPROJECTS :
A CASEOF KENYA
Thisshort artifacthas beendesignedwithgeneral
public,legislatorsandprivate investorfinanciersandall
those whohave a role in managingdevelopment
financesinmind.
The paper discussesthe importance forPrivate sector
involvementininfrastructural developmentprojects
throughformal public-private partnerships(PPPs).
However,itisclearthat PPPsare notpossible withouta
concrete frameworktoinduce private sectortoaction.
The paper makesitconcise that the frameworkshould
seektoharmonize the Public-Private risk-return
objectivesinordertoattract private long-term
investments withassurance of astable return.
Accordingto this artifact,otherthan private sectorrisk-
returnperspective; corruption,lackof transparency,
unstable political climateare greatimpedimentsto
private sectorinvolvementtoinfrastructural
developments.