The private partner shall (if the project nature requires so) establish the project company according to the relevant laws applied in the state.
The board of directors shall be selected by the general assembly. The concerned Federal Entity shall be represented throughout the period of its contribution in the company by at least one director to be appointed by the Cabinet.
The winning bidder shall be responsible for establishing a company dedicated to implement the project only. This company shall have a legal personality separate from the parent company personality. The advantages of establishing such company include obtaining financing from potential funders for the project because there are no potential risks or burdens threatening its future work as it is a new company with a legal personality separate from the personality of the parent company or partners.
For promoting the private partner guarantees towards the Federal Entity, the private partner and the project company shall be obliged to provide sufficient guarantees for implementing the project as agreed upon with the private partner.