Public Private Partnership

 

TERMS/DEFINITIONS

The Government of Armenia is committed to developing a coherent, systematic approach to Public-Private Partnerships (PPP), and a robust basis for implementing them in Armenia. The Government aims to promote the consolidation of strengths and opportunities of the private sector in economic and social development as well as through engaging modern solutions and establishing bilateral commitments for having infrastructures that comply with the best international standards.

In that perspective, Policy Statement on “Public-Private Partnerships” was approved on 9 November 2017.

The law on “Public-Private Partnership” was approved by the Parliament on 28 June 2019 and entered into force on 1 January 2020.

The law establishes the legal framework for regulation of PPP, including the rules and procedures related to the development and implementation of public-private partnership projects, the institutional framework for governance, applicable criteria and other issues related to the PPPs.

   

   

   

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