Article 3. Main objectives and principles of public-private partnership The Law on Public-Private Partnership

Home / RLA / Article 3. Main objectives and principles of public-private partnership The Law on Public-Private Partnership

1. The main objectives of the public-private partnership are:

1) creating conditions for effective interaction between the public partner and the private partner in order to ensure sustainable socio-economic development of the Republic of Kazakhstan;

2) attracting investments into the state's economy by combining the resources of a public partner and a private partner to develop infrastructure and life support systems for the population;

3) improving the availability and quality of goods, works and services, taking into account the interests and needs of the population, as well as other stakeholders;

4) increasing the overall innovation activity in the Republic of Kazakhstan, including promoting the development of high-tech and knowledge-intensive industries.

2. The principles of public-private partnership are:

1) the principle of consistency is the step-by-step building of relationships between subjects of public-private partnership;

2) the principle of competitiveness is the determination of a private partner on a competitive basis, except for the cases established by this Law.;

3) the principle of balance is a mutually beneficial distribution of responsibilities, guarantees, risks and income between a public partner and a private partner in the process of implementing a public-private partnership project.;

4) the principle of effectiveness is the establishment of criteria and indicators to assess the achievement of the results of public-private partnership;

5) the principle of value for the population – ensuring the development of social infrastructure and life support systems for the population, increasing the availability and quality of goods, works and services within the framework of a public-private partnership project;

6) the principle of transparency and accessibility of information is open access to information on the planning and implementation of public–private partnership projects within the limits established by the laws of the Republic of Kazakhstan.

The Law of the Republic of Kazakhstan dated October 31, 2015 No. 379-V SAM.

This Law defines the legal conditions of a public-private partnership, its methods of implementation and regulates public relations arising in the process of preparing and implementing a public-private partnership project, concluding, executing and terminating a public-private partnership agreement.

President

Republic of Kazakhstan

Constitution Law Code Standard Decree Order Decision Resolution Lawyer Almaty Lawyer Legal service Legal advice Civil Criminal Administrative cases Disputes Defense Arbitration Law Company Kazakhstan Law Firm Court Cases