MNE RK: work is underway to improve legislation in the field of PPP

Today, PPP is becoming an important tool in the context of growing demand for infrastructure facilities. In this regard, work is underway to improve legislation. Thus, in recent years, amendments have been adopted that have increased the efficiency and transparency of PPP project planning. Now, PPP agreements are concluded only on a competitive basis, the planning and competitive selection procedures have been transferred to a digital format. This was announced by Alisher Shayakhmetov, Deputy Director of the

Department of Investment Policy and Financial Sector Development of the Ministry of National Economy of the Republic of Kazakhstan, at a press conference in the CCS. According to the speaker, in order to exclude circumvention of public procurement for PPP projects, mandatory requirements for the implementation of investment and operational periods have been established. To actively involve businesses in the creation of social infrastructure, a Comprehensive PPP Development Plan for 2024-2028 has been adopted, providing for the implementation of 43 facilities in the fields of education, healthcare, sports and social protection of the population.

«In pursuance of the instructions of the Head of State, last year, international experts from the Asian Development Bank were involved in an independent analysis of the PPP legislation. The results of the report confirmed the compliance of the Law on Public-Private Partnership with international standards. At the same time, in order to further improve the PPP system, work is underway to form a pool of large-scale PPP projects, giving this list the status of special significance. This will ensure the interest of international financial organizations in the joint preparation of projects and their financing,» – said Alisher Shayakhmetov.

This year, within the framework of the new Budget Code, amendments were adopted aimed at unifying legislation in the field of PPP, which involve the unification of the laws «On PPP» and «On Concessions», which will create a more comprehensive legal framework. Today, work is underway to coordinate regulatory by-laws aimed at implementing the adopted amendments. In order to mitigate the negative impact of the emergence of excessive budgetary obligations, the Ministry has set limits on state obligations of local executive bodies for 2025-2027.