Belarus draft PPP law to go to parliament in early 2015

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Belarus draft PPP law to go to parliament in early 2015

Belarus' draft public private partnership (PPP) law is expected to go to the national Parliament in early 2015.

Chairman of the House of Representatives Vladimir Andreichenko said at the parliament hearings:

A lot has been made to renew the investment legislation in the country. The Parliament passed the laws on investment and concessions, introduced amendments and additions to the law on free economic zones. The relevant law on public-private partnership has been developed and is expected to be submitted to the House of Representatives in early 2015.

According to Mr. Andreichenko, the economic growth and wellbeing of the population are largely dependable on the attraction of the private capital in the implementation of state plans and programs. He said that the development of efficient PPP mechanisms is one of the country's priorities outlined by the President of Belarus.

Vladimir Karyagin, chairman of the Minsk Union of Businessmen and Employers, commented:

Belarus can attract significant investment and entice national investors to partake in a number of projects. We will have to reconsider all our legislation seriously, adapt it to the needs of our economy and ensure guarantees for our active businessmen and of course investors.

In September 2014, the Republic of Belarus announced plans to issue five to six tender processes to develop pilot public-private partnership PPP projects by the end of 2014.

Before in February 2014, we reported that the Belarusian Economy Ministry was seeking applications for the positions of the head and senior specialists of the national center for public private partnership.

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