Presidential Regulation No. 38 of 2015 on Public-Private Partnerships for Infrastructure Procurement (“2015 Regulation”) has been issued to accelerate the development of infrastructure programs and encourage private involvement in public projects.
The 2015 Regulation sets out provisions on public-private partnerships (“PPP”) for infrastructure projects covering:
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a.
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Parties to a PPP;
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b.
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Types of infrastructure projects;
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c.
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Procedures to arrange infrastructure projects that will be developed under a PPP;
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d.
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Procedures to appoint a private entity as the developer;
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e.
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Investment returns scheme for private entities; and
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f.
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Government assistance.
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