Law on PPP: new opportunities for infrastructure projects
On 01 January 2016, a new opportunity appeared for structuring infrastructure projects, when the Federal Law No. 224-FZ, dated 03.07.2015, “On public-private partnerships and municipal-private partnerships in the Russian Federation and the introduction of amendments to certain legislative acts of the Russian Federation” (hereinafter referred to as the “Law on PPP”) came into force. It was approved back in July 2015, and during the last six months became the focus of most participants in the infrastructure projects market, as well as all constituent entities of the Russian Federation, which by the middle of 2016 must bring their regional laws into compliance with this federal law. A key issue arising from the adoption of the new Law on PPP at the federal level – is how it will affect projects currently being implemented or planned for implementation in the future. Projects started before its adoption, based on regional laws on PPP, it is assumed will have to be restructured (to bring their agreement into line with the newly adopted law). The planned or already developed, but not yet started projects will need to be structured on the basis of the new law. To learn more about the future prospects and differences between PPP projects and projects under concession agreements, please read this report.
