1 / 14

At June 30 extraordinary sitting of the RA NA Standing Committee on Economic Affairs, moderated by Babken Tunyan, the package of draft laws on Making Amendments and Addenda to the Law on Public-Private Partnership (PPP) and the enclosed ones authored by the Government was debated in the second reading.

As the Committee Chair presented, there were certain reservations in terms of content and law and the need for changes and addenda.

The Head of Public Investment Policy Department of the Ministry of Economy Gayane Gabrielyan introduced the revised version of the package of drafts, referring to the amendments implemented in the transitional provisions, about two dozen proposals, the procedures for carrying out the PPP programmes, the regulations related to the allowable limit of obligations.

According to the key rapporteur, in case of adopting the legislative initiative, the efficient implementation of the long-term investment programmes will be ensured during the whole process of the contract, promoting to boost the efficiency of attracting foreign investment. It has been noted that it is envisaged to create new infrastructure, to improve the quality of public services, to control the management system, to boost competition, to forecast possible risks, as well as to develop institutional capacities.

The package of revised draft laws was endorsed.