LAWS TO WATCH: Concessions Act
The proposed amendments harmonise the legislation with Directive 2014/23/EU, regarding the awarding of concession contracts.
The legislation expands the provisions governing the preparatory work for a concession and concessionaire obligations by simplifying the calculation method determining the concession value, in line with changes to the EU acquis and on clear economic principles ensuring a fair and more accurate evaluation of state property and rights.
The legislation changes increase the range of fines. It also introduces a specific model of overseeing customs/misdemeanour proceedings.
Proposed by: Ministry of Finance
Note: Public debate is open until 30 December 2015