THE LEGAL FRAMEWORK OF THE INSTITUTE OF PUBLICPRIVATE PARTNERSHIP IN CENTRAL ASIA

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Published Dec 20, 2024
DOI: https://doi.org/10.13165/VPA-24-23-4-04

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Zhandaulet Bolat
Yassawi University
Rymkul Ismailova
Astana IT University
Ydyrys Serikbay
International University of Tourism and Hospitality

Abstract

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.

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Issue
Vol. 23 No. 4 (2024): PUBLIC POLICY AND ADMINISTRATION
Section
Public Management

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