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
and ensures the quality and availability of goods, works and services within the framework of the concluded PPP contract.
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.