The private sector has a vitally important role to play in averting disaster and safeguarding economies, nations, communities and their own staff by investing more in disaster risk reduction (DRR), both for their own business continuity and for the local communities in which their workforce resides. In developing countries like Nepal where the effects of natural hazards are often severe, public-private partnerships (PPPs) offer a promising alternative to conventional insurance policies. Interest in public-private partnerships for disaster management beyond charity has been stimulated by losses from catastrophes around the world. In Nepal, many private institutions and professional associations, including clubs like the Rotary, have shown keen interest in implementing concrete initiatives for Disaster Risk Reduction.
This activity engages various associations and chambers of commerce to ensure private sector participation in earthquake risk management, thereby making use of private sector potential to safeguard quality construction, increase disaster awareness and develop business continuity plans.
The 3PERM project, supported by USAID’s Office of Foreign Disaster Assistance (OFDA), works to increase disaster awareness and promote PPPs and investment in disaster risk management in Nepal. The project seeks to convince the business sector that earthquake risk management is in its interest, and demonstrates the economic, social, and corporate responsibility to develop PPPs in DRR.
By bringing in the private sector—including businesses, industrialists, developers, builders, material suppliers, and manufacturers—this project increases public awareness and demand for DRR in Nepal, including for the enforcement of building codes and development of business continuity plans. 3PERM also emphasizes the added benefits of DRR to other sectors, such as tourism, cultural heritage preservation, and safer urban neighborhoods by renovation or reconstruction of houses.
The three-year program targets Kathmandu city, four sub-metropolitan cities, 53 municipalities, and 135 small towns with rapid urbanization leading to increased earthquake vulnerability.
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Last updated: August 18, 2014