PROJECTS: PRIVATE-PUBLIC PARTNERSHIP
Khanty-Mansiysk Autonomous Okrug-Yugra government approved a model solution on private-municipal partnership prepared by Gazprombank and supported by Kachkin & Partners
At the government commission meeting on considering issues of providing subsidies from the Khanty-Mansi Autonomous Okrug-Yugra budget to municipal budgets for co-financing municipal programs a form of an agreement on private-municipal partnership developed by Gazprombank was approved. Kachkin & Partners had taken direct part in the preparation and coordination of the document.
The approved agreement is based on 224-FZ "On private-public partnership, private-municipal partnership..." and allows to implement a flexible approach to transaction’s structure and risks’ distribution in the project. A distinctive feature of projects implemented on the basis of the 224-FZ is the ability to divide the commitments on technical and functional operation of educational facilities between a private partner and a public partner, respectively.
“The first model solution on the federal law on private-public partnership was approved, and what is important - in the field of secondary education. Schools are just making their way into the PPP market, and we are happy to be part of this meaningful process”, comments Denis Kachkin, Managing Partner, Head of Infrastructure and PPP Practice of Kachkin & Partners.