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Public Private Partnership Proclamation (Amendment) Proclamation No. 1283/2023.

Country
Type of law
Legislation
Source

Abstract
This Proclamation adds a new discipline for "direct negotiations". A new sub-article 2(19) provides for the definition: "Direct Negotiation” means a selection of private party or private parties for direct negotiations to engage in development and implementation of infrastructure or public service projects initiated by the private party, contracting authority or Public Private Partnership Directorate General.
A new Art. 8 identifies the members of the Board and establishes that the Board may permit the implementation of a project proposal through direct negotiations if it is believed to benefit the public interest and ensure quick financing. The Proclamation provides as well for the minimum requirements to meet when a Public Private or a consortium of Private Party propose to implement a Public Private Partnership project by direct negotiation; these include: A certificate of incorporation evidencing that the Private Party is duly incorporated and registered as a company; The project proposed; financials; etc. The Proclamation continues prescribing conditions for the feasibility study, approval process, negotiations, and other aspects connected to the approval of the project.
Date of text
Repealed
No
Source language

English

Legislation Amendment
No