Article 14. Distribution of risks between the public partner and the private partner of the Law on Public-Private Partnership
1. The list of risks arising at various stages of public-private partnership is determined by the central authorized body for state planning.
2. The distribution of risks between the public partner and the private partner, as well as the necessary measures to reduce the likelihood of their occurrence and eliminate the consequences of the risks that have occurred, are fixed in the public-private partnership agreement.
3. The allocation of risks in a public-private partnership agreement between a public partner and a private partner is carried out taking into account the specifics of the public-private partnership project, provided that the risks are assigned to the party that can best manage them with minimal costs.
The Law of the Republic of Kazakhstan dated October 31, 2015 No. 379-V SAM.
This Law defines the legal conditions of a public-private partnership, its methods of implementation and regulates public relations arising in the process of preparing and implementing a public-private partnership project, concluding, executing and terminating a public-private partnership agreement.
President
Republic of Kazakhstan
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