The Regional Development Corporation commented on the announced improvement of public-private partnership mechanisms

04.03.2022

The Development Corporation commented on the upcoming innovations in the field of improving the conditions for the implementation of investment projects and improving the mechanism of public-private partnership. Earlier, the Prime Minister of the Government of the Russian Federation Mikhail Mishustin announced measures to support Russian business, also affecting the PPP sector.

Thus, it is planned to strengthen incentives for "private initiative" by holding a tender for obtaining objects in concession in electronic form. The draft law contains provisions that clearly define the forms of financial participation of the public party in the project and the procedure for passing competitive procedures.

In addition, the list of facilities for which it will be possible to conclude a concession at the expense of unfinished construction projects will be expanded.

- The proposed norms are aimed at increasing investment activity, protecting the interests of investors and creating comfortable conditions for the creation of new infrastructure facilities. In addition, the provisions of the bill will allow "securing" the investments of investors whose projects are being implemented in our region," said Nail Gabbasov, General Director of the Development Corporation.

For reference:

Public-private partnership is a long-term mutually beneficial cooperation between the state and a private investor aimed at implementing state tasks, improving the availability and quality of public services, attracting private investment for the construction, reconstruction, modernization and operation of various public infrastructure facilities based on risk sharing between business and the state. According to the information of the InvestRB portal, to date, 39 PPP projects are being implemented in the republic with a total investment of 42.8 billion rubles, including private investments of 16.9 billion rubles. The Development Corporation of the Republic of Bashkortostan accompanies projects free of charge at all stages of their implementation, from concept development to implementation and commissioning of facilities. The experience of employees allows them to get involved in working with an investment project at any stage and effectively solve the tasks. Managers are ready to provide comprehensive support to all investors interested in developing their business in the Republic of Bashkortostan and become a reliable partner for them. For support of investment projects, you can apply by leaving an application on the official website of the Development Corporation or by phone +7 (347)214-90-70.