The Law “On Public-Private Partnership” (PPP) was signed by the President on May 10, 2019. The drafting and discussions carried out over two years.
In accordance with the Action Strategy on Five Priority Development Areas 2017-2021 of the Republic of Uzbekistan the implementation of the modern mechanisms of a public-private partnership, which is aimed at increasing the effectiveness of a mutually beneficial cooperation to achieve the objectives of socio-political and socio-economic development of the country, is one of the key areas in the framework of reforming the public administration system.
The law on PPP was drafted with expertise support of international partners, including UNDP Project Support to Investment Climate Improvement in Uzbekistan, who supported the initiative of a new Law on PPP and have developed its Concept and facilitated its public discussions.
The main objectives of public-private partnership are to create conditions for effective interaction of public and private partners for sustainable social and economic development of Uzbekistan and attract private investment into economy by attracting the resources of public and private partners.
This law will give a start to PPP based projects, which is to serve as a successful step in the development of a new principle of interaction between government, society and the business community in infrastructure projects - roads, airports, hospitals, schools, waste collection and processing, renewable energy and etc.
It also opens up new opportunities in project financing and will put Uzbekistan on investors radars, both local and foreign. Now, business will be allowed to be presented in much more areas of economy and it should dramatically increase the number of potential investment projects in the country
The adoption of this law will have a direct effect on the achievement of a number of actions and sustainable development goals, implemented in Uzbekistan, including:
SDG 8. Good Jobs and Economic Growth
Action 8.10 Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all
SDG 9. Innovation and Infrastructure
Action 9.2 Promote inclusive and sustainable industrialization and, by 2030, significantly raise industry’s share of employment and gross domestic product, in line with national circumstances, and double its share in least developed countries.
Action 9.4 By 2030, upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies and industrial processes, with all countries taking action in accordance with their respective capabilities and etc.
The law will come into force in June 2019.
You can find the full text of the law following the below given links: Russian version