Oct 21, 2018 Last Updated 3:37 PM, Sep 25, 2018

pimsec

A public investment project is a public investment requiring planning, execution, monitoring and evaluation carried out as an integrated set of activities aimed at meeting a development objective, at a specific cost and within a defined timeframe. The revised FAA Act identifies three important characteristics of a public investment:

  • non-recurrent expenditure on goods, works and services
  • carried out by any public entity within the specified public sector on its own, or by one or more public entities in conjunction with one or more non-public entities through public private partnerships
  • aimed at accumulating new physical or intangible assets or enhancing human resource capacities, or improving or rehabilitating existing physical or intangible assets or human resource capacities, to achieve development objectives.

important-notice

NOTICE TO ALL MINISTRIES, DEPARTMENTS & AGENCIES (MDAs)

The Public Investment Management Committee (PIMC), chaired by the Honourable Dr. Nigel Clarke MP, Minister of Finance & Public Service, is currently scheduled to meet every other month, on the last Friday of the month. The next scheduled meetings are as follows:

  • PMIC Meeting is set for Friday, July 27, 2018 at 10:00 a.m.

Ministries, Departments or Agencies (MDAs) requiring further information on this process or requirements for submission of projects, may contact the PIMSEC at 935-5182.