Law of the Republic of Armenia on Public-Privatе Partnership.

This Law shall define the legal framework for regulation of public-private partnership, including the rules and procedures related to the development and implementation of public-private partnership projects, the institutional framework for governance, applicable to criteria and other issues related to the PPPs. The objectives of PPP for ensuring and managing public infrastructure and public service shall include: (a) reducing the costs needed during the life cycle of the public infrastructures and improving the quality of buildings, construction, operation and maintenance thereof; (b) ensuring proper and timely maintenance of the asset during the operation period thereof; (c) increasing access to public infrastructures and services; (d) receiving benefits from the private sector practice, resources, technologies, efficiency and innovation capacities; (e) increasing accountability and transparency towards the public in the field of public infrastructures and public services; (f) improving the information database on public infrastructures and public services covered by PPP projects in the Republic of Armenia; and (g) attracting investments for new public infrastructures, where necessary. The decision of the Government shall define the sectors of public services being rendered within the scope of PPP projects, which must comply with the priorities set in the public investment management policy adopted by the Government. The competent authority shall select a private partner in accordance with the private partner selection procedure. The competent authority shall conclude a PPP contract with a successful tender applicant for becoming a public partner. The competent authority shall have the right to authorize the state and/or community organizations and/or other legal persons to organize the tender and act as a third party to a PPP contract. Main information and conditions of PPP contracts shall include the procedure and conditions for allotment of land plots required for the implementation of a PPP project (where necessary), as well as the description of their condition. Land plots shall be allotted on the basis of purchase and sale contract.