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Public-private partnership will help develop infrastructure in the regions
The Ministry of Economic Development of Russia has submitted to the Ministry of Justice of Russia for approval a draft federal law providing for the improvement of the legal regulation of PPP mechanisms.
The document provides for the possibility of full reimbursement by the state of investors' expenses for the creation and operation of facilities, as well as improving competitive procedures and stimulating pre-project preparation within the framework of a private initiative.
The adoption of the draft law will play an important role in minimizing the risks of challenging concluded agreements and increase the degree of protection of the interests of private investors in the implementation of PPP projects, which will encourage the implementation of well-developed and the formation of new projects.
In addition, it will give a new impetus to the PPP market and will allow launching new infrastructure projects in the regions, which is extremely important in the current conditions.
