New Law on Public Private Partnership
10 August, 2020
On 18 June, the National Assembly passed the Law on Public Private Partnership (PPP) which will come into effect from 1 January 2021 (except for Article 101.6 which halts the application of the BT contract form from 15 August 2020).
While the new PPP Law shows the government’s strong commitment in attracting private sector investment to the country’s core infrastructure sectors, it also introduces certain fundamental changes to current PPP/BOT practices which will likely be of concern to foreign investors and lenders.
