RESOLUTION OF THE PRESIDENT OF THE REPUBLIC OF UZBEKISTAN

of September 14, 2023 No. PP-307

About measures for creation of Fund of project development of public-private partnership in Uzbekistan

For the purpose of involvement of foreign and domestic consultants and the consulting companies to high-quality development and effective projects implementation of public-private partnership with assistance of the international financial institutions:

1. Take into consideration that between the Ministry of Economics and finance and the European Bank for Reconstruction and Development (further - the EBRD) signed the Memorandum of understanding on creation of Fund of project development of public-private partnership in Uzbekistan (further - Fund) under control of the EBRD for a period of 5 years (with condition of the subsequent prolongation) and the corresponding business plan is developed.

2. Approve offers of the Ministry of Economics and finance and the EBRD about:

creation of the EBRD of Group on management of Fund without the status of the legal entity for management of activities of Fund;

accountabilities of Group of management of Fund in the activities before the EBRD;

forming of Fund at the expense of the grant funds in the amount of 10 million euros raised by the EBRD, and borrowing facilities of the EBRD in the amount of 10 million euros provided to the Republic of Uzbekistan;

allocation by Fund of funds for involvement of consultants and the consulting companies (further - consultants) to development of the concept, financial model, the estimative and tender documentation of projects and agreements of public-private partnership (further - PPP) on the projects of PPP realized only on tender basis and also the organization and carrying out tender processes, training of the domestic specialists working with projects of PPP and other purposes connected with development of the sphere of PPP;

involvement of consultants at the expense of Fund according to internal purchasing regulations of the EBRD;

return to Fund of the funds allocated from Fund within projects of PPP, as a rule, by the private partners determined by results of tenders;

financing of all expenses connected with activities of Fund, including Group on management of Fund by fund in coordination with the Ministry of Economics and finance.

3. Establish procedure according to which:

The fund finances services of consultants for projects of PPP total cost in equivalent over 10 million US dollars;

projects of PPP total cost in equivalent over 10 million US dollars are placed on the international SOURCE platform;

The Ministry of Economics and finance together with the interested ministries and departments annually till November 1 introduces in the Cabinet of Ministers in coordination with the EBRD the list of projects of PPP on which the Fund finances services of consultants, (further - the list), and this list annually till December 1 affirms the Cabinet of Ministers.

4. - to the state partners in the projects included in the list to provide to the ministries and departments together with the Ministry of Economics and finance development and submission to Fund of the corresponding specifications for involvement of consultants for the purpose of development and projects implementation of PPP.

5. Authorize the deputy prime minister - the Minister of Economy and Finance D. Kuchkarov to sign with the EBRD the Agreement on cooperation on Fund of project development of public-private partnership in Uzbekistan and to sign on behalf of the Republic of Uzbekistan the loan agreement in the amount of 10 million euros.

6. Determine that:

The Ministry of Economics and finance is the executive body responsible for target use of the borrowed funds allocated by the EBRD;

the expenses connected with return of the borrowed funds allocated by the EBRD, interest payment, initial one-time payment and the one-time management commission, the commission for the obligation are performed at the expense of means of the republican budget of the Republic of Uzbekistan.

7. Approve the forecast schedule of return of the borrowed funds allocated by the EBRD, interest payments, initial one-time payment and the one-time management commission, the commission for the obligation according to appendix.

8. Issue to the Ministry of Justice in accordance with the established procedure the legal conclusion under the loan agreement signed between the Republic of Uzbekistan and the EBRD.

9. Assign to the deputy prime minister D. A. Kuchkarov the personal responsibility for the effective organization of execution of this resolution.

To assign discussion of course of execution of this resolution, implementation of coordination and control of activities of the responsible organizations to the Prime Minister of the Republic of Uzbekistan A. N. Aripov.

Appendix

to the Resolution of the President of the Republic of Uzbekistan of September 14, 2023 No. PP-307

The forecast schedule of return of the borrowed funds allocated by the EBRD, interest payments, initial one-time payment and the one-time management commission, the commission for the obligation

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