ARTICLE
11 September 2013

New PPP Law In Kazakhstan

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GRATA International

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The Law of the Republic of Kazakhstan dated 4 July 2013 No. 131-V ЗРК 'On introducing amendments to certain legislative acts of the Republic of Kazakhstan in relation to introduction of new forms of Public Private Partnership and extension of spheres of its application' came into force on 22 July 2013.
Kazakhstan Government, Public Sector

The Law of the Republic of Kazakhstan dated 4 July 2013 No. 131-V ЗРК 'On introducing amendments to certain legislative acts of the Republic of Kazakhstan in relation to introduction of new forms of Public Private Partnership and extension of spheres of its application' came into force on 22 July 2013 (apart from certain provisions).

The main purpose of the law is to introduce new forms of PPP including build-own-operate (BOO), build–operate–transfer (BOT) and design-build-finance-operate (DBFO) in Kazakhstan (before only BTO (build-transfer-operate) contracts were possible in Kazakhstan) and allow such concepts as 'availability payment' to be legal under Kazakhstan law.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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