Romania promulgates law PPP
Romania has promulgated a law on public-private partnership (PPP) three years after the government led by Victor Ponta initiated the project.
The law aims to facilitate the mechanics of PPPs in the country and expand opportunities for the private sector.
The law sets the mechanisms by which projects can be developed through public-private partnership. It also establishes the relative duration of ongoing contractual relations that allows the private partner to recover the investment and make a reasonable profit.
The law also establishes mechanisms for financing projects, either through private funds, or by bringing private and public funds together and distributing the risks based on the capacity of each part.
The law replaces a similar project from 2010, which drawn criticism from the European Commission due to the way contracts were awarded and verified. This law allowed state-owned companies receive PPP contracts.
The new law was submitted in the Parliament by the Ponta Government in 2013. However, the former president Traian Basescu refused to promulgate it due to an article which provided that the Romanian state was able to unilaterally denounce the contract The new law does not permit this unilateral denunciation.
Country news
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August 02, 2016
Romania’s government says no bankable PPPs available
The state secretary of the Public Finance Ministry of Romania, Gabriel Biris, has stated that the low number of public-private partnerships (PPP) projects in the country is not due to the lack of legal framework, but to the lack of banks support. Read more -
March 18, 2013
Romania tenders Craiova - Pitesti highway concession
The romanian public agency, Compania Nationala de Autostrazi has published the tender for a concession contract for the design, construction, financing, operation and maintenance of the highway Craiova - Pitesti (Km 0 +000 - Km 121 185). The tender is a call for Pre-qualification for parties interested in the contract. Read more -
June 13, 2013
All 5 consortia shortlisted for Craiova - Pitesti highway concession
The five consortia that submitted qualification documents for the Craiova - Pitesti motorway concession have been pre-qualified to enter into the competitive dialogue stage with the Compania Nationala de Autostrazi. The documents were submitted and opened on May 8, at the head office of the CNADNR. Read more -
June 13, 2013
Shortlist for Comarnic-Brasov motorway concession and financing in discussions
Representatives of the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have met with the Romanian Minister delegate for Infrastructure Projects of National Interest and Foreign Investments, Dan Sova and have shown their willingness to finance the Comarnic-Brasov motorway concession. Read more -
September 10, 2013
IFC to advise in PPP projects in Romania and Samoa
The International Finance Corporation (IFC), World Bank, has announced that it will provide advisory assistance to the Municipal Authority of Public Services Regulation of the Municipality of Bucharest to structure a tender for the district heating service of the Bucharest Municipality. The total estimated budget for this project is 1.999.999,00 €. Read more
