NUCLEAR POWER IN BELARUS AND WORLDWIDE
The draft law on public-private partnership (PPP) will give start to new investment trends in Belarus, Chairman of the House of Representatives permanent commission on economic policy Viktor Valyushitsky told media as he commented on the draft law on public-private partnership on 10 December, BelTA informs.
“The bill will open a new page in the investment activity of our country. A lot has been done to finalize the document in the past two months. The draft law was complemented with seven articles. Some 40% of amendments were introduced,” noted Viktor Valyushitsky.
In his words, the amendments applied to the rules governing the PPP applications review, organization of tenders, decision making, rights and responsibilities of the state and the private partner.
“A new page opens for our government in the development of investment activity. The government will need to adopt a set of normative acts of subsidiary legislation. This is about 10 to 12 normative acts. Next year, once the draft law is adopted, we will need to develop the institutional environment," Viktor Valyushitsky said.
According to him, PPP projects are beneficial to the state in terms of addressing the issues of construction of infrastructure facilities. “At a time when we run a budget deficit we will be able to attract business to implement infrastructure projects. When implementing any project business wants to make money. This means that this is a partnership benefiting both the state and the private partner," he said.
The draft law on public-private partnership passed the second reading on 10 December.
