The Decree also regulates the time the contract project. Accordingly, negotiations for the investors and project contract signed off first, then the registration certificate to be issued. The final step is signing the contract project. About the content of the contract of the project, the Decree lists the essential content of a PPP contract, the attachments necessary. In addition, the Decree also stipulates that open to the ministries and provincial PEOPLE'S COMMITTEES are allowed to propose a form of contract other than the form that has been defined in the Decree of 15 to the Government to consider,given.The Decree allows for the transfer of rights and obligations under the contract of the project, or to transfer part or the entire project. This opens the window of opportunity securitization project, releases part worry for banks or donors for project finance issues, especially when the investor incompetent to continue the project.On the law applicable, the Decree explicitly allows the Contracting Party may apply the agreement foreign law to regulate the project contract that one party is foreign investors or the Government contracts of guarantee obligation to perform. This is a big change and allow the international financial consultant was participation in the project.Can affirm that, with these new rules, performance, practicality, 15 Decree will contribute to transparency and publicity, more clearly the criteria, conditions for the parties to choose from to suit your abilities; help for PPP projects to ensure effective, progress and quality.
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