THE AGREEMENT ON INTERSTATE EXAMINATION OF THE CONSTRUCTION PROJECTS WHICH ARE OF MUTUAL INTEREST TO THE STATE PARTIES OF COMMONWEALTH OF INDEPENDENT STATES

of January 13, 1999

The State Parties of the Commonwealth of Independent States on behalf of the governments which are hereinafter referred to as with the Parties

attaching importance to integration processes in the field of social and economic development of the states,

proceeding from provisions of the Agreement on cooperation in the field of investing activities of December 24, 1993, the Convention on protection of the rights of the investor of March 28, 1997, Agreements on cooperation in construction activities of September 9, 1994 and the Concept of economic integration development of the Commonwealth of Independent States of March 28, 1997, agreed as follows.

Article 1.

For the purposes of this agreement the following terms mean:

state examination - stage of state regulation of investment process for the purpose of establishment of compliance of construction projects to requirements of the legislation of the Party, to conditions of prevention of damage to the rights and interests of citizens, legal entities protected by the law and the states, and also for the purpose of control of observance of social and economic and nature protection policy;

interstate examination - stage of state regulation of investment process in creation of the objects which are of interest to two and more Parties irrespective of sources of financing, patterns of ownership and accessory of objects for the purpose of establishment of compliance of the planned construction projects to the conditions and requirements provided by normative and legal acts of the Parties, identifications and acceptances of necessary measures to prevention of possible damage to concerned parties in case of realization of object of examination;

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