Law On Public-Private Partnership.

The purpose of this Law is to facilitate co-operation between the public and private sector using efficiently resources of the public partner and private partner for meeting public needs, ensuring publicity, free competition, equal and fair attitude in the implementation of the public-private partnership. The purpose of this Law is also to promote the fulfilment of the obligations of the entered into public-private partnership agreement until the expiry of the validity thereof by facilitating continuity of the construction works and services provided for in the public-private partnership agreement. This Law prescribes: (a) the procedures by which public partners and representatives of public partners shall act if they jointly conclude one public-private partnership contract; (b) the procedures for taking the decision on the initiation of a public-private partnership procedure; (c) the information to be included in a public-private partnership contract, and also the procedures by which the public-private partnership contract may be amended or terminated before its expiry; (d) the procedures for disbursing compensation when terminating a public-private partnership contract before its expiry; (e) the procedures for the establishment of a special purpose entity and the procedures by which a public-private partnership contract shall be concluded with a special purpose entity; (d) the procedures for entering into an information exchange agreement and exercising of the lender's intervention right; and (e) the regulations for activities with the public partner resources transferred to a private partner.