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LAW OF THE REPUBLIC OF BELARUS

of December 30, 2015 No. 345-Z

About public-private partnership

It is accepted by the House of Representatives on December 10, 2015

Approved by Council of the Republic on December 18, 2015

This Law is directed to investment attraction in economy of the Republic of Belarus, determines legal conditions of public-private partnership, governs the public relations developing in the course of the conclusion, execution and agreement cancelation about public-private partnership.

Chapter 1. General provisions

Article 1. Main terms and their determinations

1. For the purposes of this Law the following main terms and their determinations are used:

the state partner - the Republic of Belarus on behalf of which the state body or other state organization authorized by Council of Ministers of the Republic of Belarus the republican state body or other state organization subordinated to Council of Ministers of the Republic of Belarus, administrative and territorial unit on behalf of which the local executive and administrative organ acts, which signed the agreement on public-private partnership authorized by the President of the Republic of Belarus act;

the private partner - the legal entity (except for the state unitary enterprises, public institutions and national associations, and also economic societies, more than 50 percent of shares (share in authorized fund) of which belong to the Republic of Belarus or its administrative and territorial unit), the foreign organization, not being the legal entity, the individual entrepreneur, signed the agreement on public-private partnership;

public-private partnership - the mutually beneficial cooperation of the state and private partners which is legally drawn up for certain term for the purpose of consolidation of resources and distribution of risks answering to the purposes, tasks and the principles determined by this Law performed in the form of the agreement on public-private partnership;

the project of public-private partnership - the project concerning infrastructure facility answering to the purposes, tasks and the principles determined by this Law;

the consultant of the project of public-private partnership - the legal entity, the foreign organization, not being the legal entity, the individual entrepreneur, the rendering consulting, engineering, marketing, legal and other services in maintenance of stage (stages) of the project of public-private partnership;

creditors of the private partner - the bank, the non-bank credit and financial organization, other organization providing to the private partner credit and (or) borrowed funds for project implementation of public-private partnership;

the agreement on public-private partnership - the written agreement between the state and private partners determining the rights, obligations and responsibility of the parties, and also other sales terms of the project of public-private partnership;

the agreement on interaction - the civil agreement signed by the state partner, the private partner, creditors of the private partner and (or) other persons for the purpose of project implementation of public-private partnership, determining conditions of their interaction in connection with execution of the agreement on public-private partnership;

infrastructure facility - the object of engineering, production, social and transport infrastructure which is in property of the Republic of Belarus and (or) its administrative and territorial unit or built within the project of public-private partnership;

representatives state body or the organization in the field of public-private partnership - the state body or other state organization authorized by the President of the Republic of Belarus to act on behalf of the Republic of Belarus, or the republican state body or other state organization authorized by Council of Ministers of the Republic of Belarus subordinated to Council of Ministers of the Republic of Belarus to act on behalf of the Republic of Belarus, the local executive and administrative organ authorized by local council of deputies to act on behalf of the corresponding administrative and territorial unit;

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