Uzbekistan to adopt law “On public-private partnership”
10/06/2017 22:22
Uzbekistan to adopt law “On public-private partnership”
10/06/2017 22:22
Tashkent, Uzbekistan (UzDaily.com) -- Uzbekistan plans to adopt a law “On public-private partnership”. The draft law was published on the portal for discussion of normative legal acts.
The main objectives of public-private partnership are to create conditions for effective interaction of public and private partners for sustainable social and economic development of Uzbekistan and attract private investment into economy by attracting the resources of public and private partners, as well as ensuring employment growth and raising living standards.
The draft law was prepared on the basis of the experience of such countries as Brazil, Germany, Latvia, South Korea, France and Japan.
The document said that use of public-private partnerships helps to reduce budget expenditures in solving socially significant issues through mutually beneficial cooperation between government and private sector, improving the effectiveness of public property management methods.
The document defines procedure for implementing public-private partnerships, requirements for an agreement on public-private partnership, state support and state guarantees in the field of public-private partnership.
Public-private partnership can be carried out in the fields of science, technology and innovation, medicine, education, culture and social services, physical culture and sports, telecommunications, transport services, road facilities, housing and public services, engineering communications, production of building materials, fuel energy and chemical industries, renewable energy sources, mechanical engineering, metallurgy, agriculture and water management and nature protection.
Public-private partnerships can be implemented in other areas in accordance with the law.
The draft law stipulates that the agreement on public-private partnership will specify the subject and object of the agreement, the rights and obligations of the parties, types and conditions of property and financial support, description, including technical and economic indicators of the facility.
The agreements will envisage for obligations of the parties in connection with the provision to the private partner of property intended for carrying out activities, procedure for settlements between the parties, procedure and conditions for financing the project.
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