Public-Private Partnership

MAIN CONCEPTS

 

The 2019 program of the Government of the Republic of Armenia emphasized the importance of the policy development for the Public-Private Partnership (hereinafter referred to as PPP) and efficient implementation of PPP projects. The objective of RA Government is to implement such PPP projects, under which the concluded contracts in the long-term perspective will effectively manage the risks allocated between the public and private partners, will contribute to building and development of infrastructures in the country within the framework of PPP projects, as well as will ensure positive outcomes based on the quality and value of services rendered to the public. In order to achieve the specified objectives, processes aimed at developing PPP projects and forming the legislative framework for implementation have been initiated.

Within the framework of the PPP policy development, the document “The Public-Private Partnership Policy of the Republic of Armenia” was approved during the RA Government session on November 9, 2017. On June 28, 2019, the RA Law “On the Public-Private Partnership” was adopted, which defines the PPP relations, implementation criteria, procedures, the institutional framework of governance, and applicable principles.

The legislative regulation of the PPP legal relations is aimed at efficient identification, development, implementation, promotion, and management of PPP projects in the Republic of Armenia, as well as creation of a database for PPP projects and setup of an institutional environment.

 

   

   

                                                                     

 

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