The Chartered Institute of Project Managers Zimbabwe (CIPMZ) says there is need to explore more public private partnerships (PPPs) in order to raise funds for projects, across different sectors of the economy.

Owing to liquidity constraints facing different economic sectors in the country, many projects have stalled, prompting CIPMZ to arrange the Public Private Partnership Zimbabwe Conference and Expo to explore ways of unlocking more PPPs.

CIPMZ executive director Proctor Nyemba said the forum set for 11 May comes as the deadline for meeting ZIM ASSET targets approaches creating need for PPPs to boost capacity to meet objectives set in the policy.

The Agriculture Rural Development Authority has proved one of the PPPs success stories in Zimbabwe following joint ventures with Green Fuel in Chisumbanje and with Trek Petroleum at Antelope and Maphisa.

The US$2.4 billion Beitbridge-Chirundu highway project which will be constructed under a Build, Operate and Transfer (BOT) arrangement is another major PPP on the cards.