Sign In
EEC representatives told about public-private partnership mechanisms being developed in the EAEU

EEC representatives told about public-private partnership mechanisms being developed in the EAEU

IMG_0724.jpg
11/7/2019

The representatives of the Eurasian Economic Commission (EEC) took part in the First International Forum “PPP and ESG Investment Factors” held in Nur-Sultan (Republic of Kazakhstan).

 

Gnel Mayilyan, Deputy Director of the EEC Business Development Department, spoke at the plenary session of the forum and told about regulatory trends in the national legislations of the Eurasian Economic Union (EAEU) Member States in the sphere of PPP.

 

Attention was drawn to the particular importance of PPP mechanisms for the development of the EAEU countries’ economies, and the need to use best international practices, including the People-first PPP standards developed by the UN Economic Commission for Europe.

 

The EEC representative also presented the results of the work of the expert group on the development of PPP mechanisms within the Union, which prepared a Memorandum of Cooperation on the Development of Public-Private Partnerships in the EAEU States, a Joint Action Plan under the Memorandum, and a booklet “Practical Guide on Public-Private Partnerships in the Eurasian Economic Union countries.”

 

“Budgetary constraints make the PPP mechanism particularly important, which can provide financing for capital-intensive long-term infrastructure projects in the EAEU countries by attracting extra-budgetary investment sources,” – Gnel Mayilyan summed up concluding his speech. 

 

For reference

“PPP and ESG Investment Factors” International Forum is a platform for dialogue on topical issues of PPP development and investment, enhancing long-term cooperation and joint project planning, partnership for creating values, quality and accessibility of services for people. The forum brings together investors, representatives of international organizations, and state authorities.