Russia’s S
pecial Procurement Investment Contracts (SPIC).
From the Public Procurement Institute (Moscow, www.roszakupki.com):
SPIC is an agreement between investor and the Russian Federation and/or region of the Russian Federation under which investor commits to invest certain amount of money in creation, development or modernization of production facilities at the territory of Russia while the government guarantees freezing of tax burden and stability of normative requirements to products for the duration of an investment project and is obliged to apply stimulating measures to the investor, including tax benefits. And procurement idea is that starting from September 1, 2016 SPIC investors are entitled to claim the right to sell up to 30 % of produced merchandise under public procurement procedure on a non-competitive basis.
Background paper: investment-contract-russia
