New Law On Public – Private Partnership

The Parliament of Mongolia enacted the Public-Private Partnership Law ("PPP Law") based on the research of model law on Public-Private Partnership and its handbook replacing the previous Law on Concession (2010) on 9^th December, 2022 and coming into effect on 31^st December, 2023.

The new law clarifies the purpose, scope, principles, terms and understanding of public-private partnership and distinctly defines the legal framework for implementation of major infrastructure, social and economic goals of the country and the plenary powers and functions of public institutions in public-private partnerships by implementing public infrastructure and public service functions through private investment on mutually beneficial terms. Also creates a legal environment for implementing financial and budget control by improving coordination between these organizations related to the implementation of partnership projects.