THE LEGAL FRAMEWORK OF THE INSTITUTE OF PUBLIC-PRIVATE PARTNERSHIP IN CENTRAL ASIA
VIEŠOJO IR PRIVATAUS SEKTORIŲ PARTNERYSTĖS INSTITUTO TEISINĖ SISTEMA CENTRINĖS AZIJOS ŠALYSE
Bolat Z. Ismailova R. Ydyrys S.
2024Mykolo Romerio Universitetas
Public Policy and Administration
2024#23Issue 4475 - 489 pp.
Central Asia (CA) is a region facing a substantial infrastructure deficit. In recent years, CA countries have turned to public-private partnerships (PPPs) as a potential avenue for infrastructure improvement. This article aims to comprehensively understand the regulatory framework in the PPP field and assess the impact of legislation on developing partnerships between the state and the private sector. The study is based on PPP legislation in CA countries, comparative analysis, statistical data from government agencies, international literature, and research materials. The analysis reveals that while CA governments have established legal and institutional frameworks for PPPs, the level of partnership development could be more balanced and satisfactory. Therefore, this article examines the regulatory framework and identifies challenges and opportunities, highlighting the potential of PPPs to drive sustainable growth and development.
Central Asia , infrastructure projects , PPP legislation , public-private partnership , sustainable growth
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Faculty of Economics, Management, and Law, Akhmet Yassawi International Kazakh-Turkish University, No. 29 B. Sattarkhanov Avenue, Turkestan, 161200, Kazakhstan
School of Creative Industry, Astana IT University, Mangilik El Avenue 55/11, Astana, 010000, Kazakhstan
School of Hospitality, International University of Tourism and Hospitality, Rabiga, Begim 14 A, Turkestan, 161200, Kazakhstan
Faculty of Economics
School of Creative Industry
School of Hospitality
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