Law Of The Republic Of Uzbekistan On Public – Private Partnership

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The purpose of this Law is to regulate relations in the public-private partnership sector. The present Law shall not apply to the production sharing agreements and public procurement
Uzbekistan Government, Public Sector
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I. GENERAL PROVISIONS

Article 1. The purpose and scope of the law

The purpose of this Law is to regulate relations in the public-private partnership sector. The present Law shall not apply to the production sharing agreements and public procurement.

Article 2. Legislation on public - private partnership

Legislation on public-private partnership shall consist of this Law and other legislative acts.

Where an international treaty of the Republic of Uzbekistan provides for rules other than those contained in the legislation of the Republic of Uzbekistan on public-private partnership, the rules of the international treaty shall be applied.

Article 3. Basic terms

The following terms shall have the following meanings in this Law:

public-private partnership- a cooperation, legally arranged for a certain period of time, of a public partner and a private partner based on pooling their resources for the implementation of a public-private partnership project;

public-private partnership project- a set of activities implemented on the basis of involvement of private investments and/or introduction of advanced management practices aimed at solving economic, social and infrastructure tasks;

concept of public-private partnership project - a document prepared by a public partner and/or a private initiator, justifying the choice of implementation decision, determining the cost and description of a public-private partnership project, containing a justification of efficiency and relevance, the main characteristics and features of its implementation, as well as mechanisms ensuring the repayment of attracted investments;

public-private partnership object - property/property complexes/public infrastructure, where design, construction, creation, supply, financing, reconstruction, modernization, operation and maintenance of which are carried out under the framework of the public-private partnership project, as well as works/services and innovations, subject to introduction during implementation of the public-private partnership project;

payment for the public-private partnership object availability - payments of a public partner to a private partner, made in accordance with a public-private partnership agreement during the period of use (operation) and/or maintenance of a public-private partnership object to ensure its availability;

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Law Of The Republic Of Uzbekistan On Public – Private Partnership

Uzbekistan Government, Public Sector
Contributor
Kosta Legal logo
“Kosta Legal is a results-oriented law firm offering a wide range of legal services in Uzbekistan with particular expertise to offer legal advice and services to foreign investors. Kosta Legal works with multi-national and Fortune 500 companies, financial institutions, the governments of different states, and small and medium-sized businesses.”
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