Public-private partnership:
The form of cooperation between a public partner and a private partner, corresponding to the following characteristics:
- availability of investment and operational periods in the public-private partnership project
- building relations between a public partner and a private partner by concluding a public-private partnership agreement;
- medium-term or long-term implementation period of the public-private partnership project (from five to thirty years, depending on the specifics of the public-private partnership project);
- joint participation of a public partner and a private partner in the implementation of a public-private partnership project;
- pooling the resources of a public partner and a private partner for the implementation of a public-private partnership project;
- implementation of investments by a private partner for the implementation of a public-private partnership project.
The main objectives of the PPP are:
- creating conditions for effective interaction between the public partner and the private partner in order to ensure sustainable socio-economic development of the Republic of Kazakhstan;
- attracting investments into the state economy by combining the resources of a public partner and a private partner for the development of infrastructure and life support systems of the population;
- improving the availability and quality of goods, works and services, taking into account the interests and needs of the population, as well as other interested parties;
- increasing the overall innovation activity in the Republic of Kazakhstan, including promoting the development of high-tech and knowledge-intensive industries.
The state provides support to the entrepreneur - private partner in the form of:
- provision of in-kind grants in accordance with the legislation of the Republic of Kazakhstan;
- co-financing of PPP projects;
- guarantees of consumption by the state of a certain volume of goods, works and services produced during the implementation of the PPP project;
participates in the following forms:
- provision of land plots in accordance with the land legislation of the Republic of Kazakhstan;
- granting the right to use objects of state property;
- provision of engineering and transport communications of the PPP facility;
and also provides compensation for investment and operating costs for a PPP project, remuneration for the management of a PPP facility owned by the state, etc. in accordance with the legislation on PPP.
The entrepreneur , for his part , participates in the following forms:
- financing of PPP projects;
- design, construction, creation, reconstruction, modernization and (or) operation of PPP facilities;
- management of PPP projects.
The private partner is obligated to:
ensure the targeted use of funds allocated for the implementation of the public-private partnership project;
ensure the quality and availability of goods, works, and services under the concluded PPP agreement.
In addition to own funds, sources of financing for PPP projects can be:
- borrowed funds;
- state budget funds in the amount stipulated by the terms of the contract;
- funds of quasi-public sector entities;
- other means not prohibited by law.
PPP is regulated by law.