|Name:||Law No. 5 of 2016 Public-Private Partnership Law.|
|Country:||Syrian Arab Republic|
|Subject(s):||Labour codes, general labour and employment acts|
|Type of legislation:||Law, Act|
|Entry into force:|
|Bibliography:||Legislation online in Arabic Syrian Parliament Official Website, Syrian People's Assembly, Syrian Arab Republic PDF in Arabic (consulted on 2017-07-31)
|Abstract/Citation:||The Public-Private Partnership (PPP) has been enacted with a view to preparing the ground for reconstruction and the rehabilitation of infrastructure in coordination with the private sector.
PPPs can be defined as long-term contractual arrangements entered into by governmental entities and private sector parties with the aim of delivering services to the general public.
When delivering public services under these business models, the private partner bears most of the risk and management responsibility associated with running the public facility in return for a profit.
The PPP Law provides for the establishment of the PPP Council that makes important decisions to push PPP projects forward, which include approving PPP contracts. The PPP Council, which is chaired by the Prime Minister, supervises PPP projects and regulates agreements entered into by public and private sector partners.
The PPP Bureau is expected to be the institutional focal point for implementing the PPP program such as by identifying potential projects and actively participating in the project procurement lifecycle.
In terms of procurement procedures, the Tender Evaluation Committee will be tasked with evaluating bids and selecting preferred bidders.
The Law provides for investment incentives for private sector partners to become shareholders in special purpose vehicles, which include the right of financial repatriation by foreign investors.
The participation of the private sector along with its financial capabilities and expertise in delivering certain public services is recognized as a crucial component of the reconstruction process.