Russia – new PPP law in 2010

The Russian government is planning legislation to make PPPs in the country more attractive for investors, according to industry reports.

A law giving greater rights to financiers on PPP deals is expected to come into force next year. The move comes as several Russian firms are being threatened by bankruptcy due to the recession.

Russians papers report that the number of bankrupt firms selling assets is huge, which means there is less capital available to invest in public infrastructure. Commentators expect the legislation to encourage firms that infrastructure is a safe investment.

"A federal law next year will for the first time lay out investor rights in P3s [PPP]. That should bring funds into all parts of the economy," Evgeny Glumov, head of PPP support at law firm Vegas Lex, told Russia Today.