Romania to approve new law on PPP and award road concessions
The Romanian government sent on Monday, Sept. 30th, the draft of a new Public Private Partnership (PPP) law to the Parliament. This new piece of legislation has been designed to make PPP and concession projects bankable.
The new draft bill, which has been reviewed for more than nine months, was approved by the government several days before.
The government said that the new bill fixes the old PPP law approved in 2010. The bill follows the French model and was designed with assistance from the European Bank for Reconstruction and Development (EBRD) and the World Bank (WB).
Under the new bill, authorities will set up a special division within the Ministry of Finance to assess projects with assistance from the European Commission.
Dan Sova, delegate-minister for infrastructure and foreign investments, said that the government is set to announce the winners for two road concessions currently in tender by October 25. The mentioned projects are the Comarnic-Brasov and Craiova-Pitesti highways, which have already shortlisted bidders.
Companies such Vinci, Strabag, Aktor, Impregilo SpA and Egis Projects are bidding for the projects.
Romania, which hasn't built any projects through concessions or PPP in the last 23 years., also launched the tender process for the south ring of the Bucharest bypass concession.
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