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Public private partnership law to help harmonize legislation in CIS

MINSK (BelTA) – The model law on public private partnership for member states of the Commonwealth of Independent States will help harmonize the national legislations, BelTA learned from Viktor Valyushitsky, Chairman of the Economic Policy Commission of the House of Representatives of the National Assembly of Belarus, before the document was presented on 26 May.

“The model law is an example that all the countries should use. I believe it is right. In the end we should strive to harmonize the legislation, particularly within the framework of the Eurasian Economic Union,” noted Viktor Valyushitsky. In his words, the national legislations may be polished but the fundamental principles should be left unchanged.

An international conference to present the CIS model law on public private partnership took place at premises of the CIS Executive Committee in Minsk on 26 May. The law was passed by the CIS Interparliamentary Assembly on 28 November 2014. The document had been prepared by the Assembly's working group with technical assistance of the European Bank for Reconstruction and Development.

Participants of the conference are expected to discuss international harmonization and the creation of model laws in the area of public private partnership. Main clauses of the CIS model law on public private partnership will be presented to them. Attention will also be drawn to the matter of conformance of the model law to requirements of international investors with regard to the legal base on public private partnership.

The presentation of the model law on public private partnership in Minsk is the first in the series of events scheduled to take place in the Commonwealth of Independent States in 2015.