Kazakhstan Introduces Public Private Partnership Law

On 31 October 2015 a new RK Law on Public Private Partnership ('PPP Law') was signed. We summarize below the key aspects and developments of the PPP Law.

1. PPP Law vs. Concession Law

Historically, the Concession Law was applicable exclusively to BTO (build-transfer-operate) projects.  Amendments were introduced in July 2013 which attempted to broaden the scope of application of the Concessions Law. The PPP Law further enhances the attempt to introduce and institutionalize PPPs with a view to creating a more extensive legal framework. Notably, the PPP Law reinvigorates the classification of PPPs into contractual and institutional which has been initially declared in the aforementioned 2013 amendments in the Concessions Law.