Based on a Resolution of the Cabinet of Ministers No. 720 "On Measures to Improve and Comprehensively Systematize the Sphere of Public - Private Partnership" new Regulation covering implementation of Public-Private Partnership (PPP) projects has been approved.

It defines following aspects:

* Initial Project Evaluation;

* Implementation of Project Initiative;

* PPP Project Preparation by Private and Public Initiator;

* Tender Documentation and Commission;

* PPP Agreement;

* Negotiation Procedures;

* PPP Projects Registry;

* PPP Projects Prices and Services Determination;

* PPP Projects Monitoring and Reporting Procedures;

* Project Financing Procedures;

* Cost Assurance and others.

For more detailed information, please read attached legal report.