The State Great Khural (Parliament) has finally approved amendments to the Law on Public–Private Partnerships, aimed at streamlining procedures and expanding the scope of PPP implementation.

The amendments are intended to reduce excessive state intervention, improve the business and investment environment, and strengthen public–private cooperation by simplifying approval processes that previously required 8 stages and at least 12–13 months to complete. The revised law also removes legal constraints that had limited PPP implementation in some provinces due to population size and reliance on state subsidies.

Under the amended framework, PPP projects are now classified into public infrastructure projects and public service projects. While feasibility studies remain mandatory for all public infrastructure projects, certain public service projects implemented through PPP will no longer require a full feasibility study, provided alternative assessments are conducted.

This change is expected to reduce administrative burden on private partners, shorten project timelines, and enable broader and more flexible PPP implementation at both national and local levels.