Energy Efficiency

Public-Private Partnership rules have changed in Romania

Public-Private-Partnership-rules-have-changed-in-Romania

Photo: Pixabay

Published

December 18, 2017

Country

Comments

0

Share

Published:

December 18, 2017

Country:

Comments:

0

Share

Through an emergency ordinance, approved by the government at the end of last week, Romania established the new regulation in public-private partnership (PPP). The new rules put a more emphasis on the concept Value for Money.

The project of amending and completing Law on PPP was elaborated by the working group under the supervision of the Minister for Business Environment, Commerce and Entrepreneurship Ilan Laufer, Romanian media reports.

The Law on Public-Private Partnership, known also as The New PPP Law”, came into force at the end of 2016, and established premises for implementation of PPP projects in Romania. It replaced the previous Law on PPP which was under severe critiques due to significant legislative inconsistencies. For six years, that Law failed to accommodate any public public-private partnership

Important modifications are made a year later in order to correlate the PPP provisions with provisions in laws on public procurement, sector acquisitions, and works concessions and concessions of services, thus, to secure correlation of the legislative framework with the national and European legislation on public debt and deficit.

According to the Mediafax agency, public-private partnership is one of the main alternative ways of financing the strategic projects of national interest, foreseen in the Governance Program 2017-2020 under the responsibility of the Ministry for Business Environment, Commerce and Entrepreneurship and the Ministry of Public Finance.

Minister Laufer said that the business community in Romania now has attractive and stable legislative framework that represents an important pillar for future investment projects and their successful completion.

Tags:
Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Milos Mladenovic, SEEPEX

D&G ideas as a response to the challenges of the energy transition or how we came to love Baudrillard

13 June 2024 - We discussed the European electricity market post-energy crisis, delving into its causes, as well as future trends in the energy market and global economy development, with SEEPEX director, Miloš Mladenović

European Sustainable Energy Awards 2024 reward clean energy champions

European Sustainable Energy Awards 2024 reward clean energy champions

12 June 2024 - Three outstanding individuals and projects have won the 2024 European Sustainable Energy Awards for their innovation and achievements in the field of energy efficiency and renewables

Full decarbonization of production is Elixir Group's strategic goal for 2030

Full decarbonization of production is Elixir Group’s strategic goal for 2030

10 June 2024 - At the production location in Prahovo, which is the center of Elixir's chemical production, four new greenfield plants with a completely new industrial infrastructure will be built by 2027, which are investments worth around 300 million euros

European Union adopts new Ecodesign Directive

European Union adopts Ecodesign for Sustainable Products Regulation

31 May 2024 - The European Union has replaced the Ecodesign Directive with a regulation covering almost all types of products, to improve sustainability