ARTICLE · 08 APRIL 2024

PPP Law

Bureau 28a

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Law No. 691-VIQ of the Republic of Azerbaijan, on Public Private Partnership, of 9 December 2022 came into effect as of 27 December 2022.

AzerbaijanGovernment, Public Sector

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Law No. 691-VIQ of the Republic of Azerbaijan, on Public Private Partnership, of 9 December 2022 came into effect as of 27 December 2022. The law broadens regulations of the partnership by establishing A framework for all public-private projects. With the new law coming into effect, the earlier regulation, most noticeably:

Law, On Implementation of Investment Projects Related to Construction and Infrastructure Facilities under Special Financing, of 2016 introducing the build-operate-transfer (BOT) model, and
Presidential Decree providing for the terms of implementing projects under the BOT model, requirements for investors, specifics and terms of agreements made, and approving the rules to determine the value of goods and services generated from the investments

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