RRI Live!

Listen to Radio Romania International Live

Changes to the public-private partnership law

Public – private partnership in Romania has been recently regulated under an emergency ordinance issued by the Government.

Changes to the public-private partnership law
Changes to the public-private partnership law

, 11.05.2018, 13:58

On Thursday, the Romanian Government adopted an emergency ordinance that regulates public-private partnership. Under the ordinance, public-private partnership is aimed at delivering, rehabilitating or extending assets that are to become part of the public patrimony. Also, the law regulates the possibility of running under a public-private partnership projects that entail exclusively the provision of a public service.



One of the main elements of a public — private partnership is that contractual relations must cover a period of at least 5 years, allowing the private partner to recover its investment and make a reasonable profit. Other important aspects relate to the funding of the project, which is mainly from private funds and, if applicable, by using jointly private and public funds or by distributing risks between the public and the private partners, depending on the capacity of each contracting party to assess, manage and control a certain risk.



Prime Minister Viorica Dancila has stated that the new provisions include measures for the local administration, and also stipulate the setting up, within a year, of a special fund to finance public-private partnerships at national level.



Viorica Dancila: “Romania has never had a successful public-private partnership law. So, this is first about unblocking the legislation, and compressing contract awarding deadlines based on a substantiation study according to which the private partners, are selected.”



The private investor who wins and concludes a public-private partnership contract becomes a private partner. The Government may decide, under a decree, that certain projects it deems strategic are to be prepared and awarded on behalf of the public partners that are to implement them by the National Strategy and Forecasting Committee.



The Government spokesperson Nelu Barbu has stated that the law is clear and it will be accompanied by a best practices guide that is not mandatory, but useful. Nelu Barbu: “The ordinance regulates the possibility of running public-private partnerships that entail exclusively the provision of a public service. For instance, the hospitals that need investments can benefit from such partnerships.”



The public partner has the right to monitor and control, all throughout the unfolding of the public-private partnership, the way in which the private partner meets its obligations, as stipulated in the partnership contract or in the applicable legal provisions.

Mircea Fechet (Photo: gov.ro)
Today in the News Friday, 25 April 2025

The Environment Fund Administration gets record budget

The Environment Fund Administration this year received from the government a record budget for investments, worth over 3.2 billion euros. The money...

The Environment Fund Administration gets record budget
Minister of Education and research, Daniel David
Today in the News Friday, 25 April 2025

Measures for the Romanian education

During Thursday’s meeting, the Romanian government discussed several laws related to education. They established the legal framework for...

Measures for the Romanian education
Photo: pixabay.com
Today in the News Thursday, 24 April 2025

A new law on the magistrates’ pensions

There are several occupational categories in Romania whose employees are usually retiring under the age of 50 and whose pensions aren’t exclusively...

A new law on the magistrates’ pensions
Foto: Mediamodifier / pixabay.com
Today in the News Thursday, 24 April 2025

Downward forecast revision from the World Bank

According to its latest report, the World Bank expects growth in developing economies in Europe and Central Asia to slow down to 2.5% in 2025-2026...

Downward forecast revision from the World Bank
Today in the News Wednesday, 23 April 2025

From budget deficit to governmental debt

  The Romanian finance ministry reiterates Romania’s commitment to meet the 7% of GDP deficit target at the end of the year, and promises...

From budget deficit to governmental debt
Today in the News Wednesday, 23 April 2025

Romanian – German Friendship Day

A year ago, former Romanian President Klaus Iohannis, himself an ethnic German from Transylvania, promulgated the Law establishing April 21 as...

Romanian – German Friendship Day
Today in the News Tuesday, 22 April 2025

Romania reacts to the Pope’s Death

Pope Francis passed away on Monday, the second day of Easter, after 12 years of pontificate, and the emotion caused by his disappearance crossed the...

Romania reacts to the Pope’s Death
Today in the News Thursday, 17 April 2025

Christians before Easter

The Orthodox Christians in Romania are preparing to celebrate Easter – the feast of light and joy, considered the greatest celebration of...

Christians before Easter

Partners

Muzeul Național al Țăranului Român Muzeul Național al Țăranului Român
Liga Studentilor Romani din Strainatate - LSRS Liga Studentilor Romani din Strainatate - LSRS
Modernism | The Leading Romanian Art Magazine Online Modernism | The Leading Romanian Art Magazine Online
Institului European din România Institului European din România
Institutul Francez din România – Bucureşti Institutul Francez din România – Bucureşti
Muzeul Național de Artă al României Muzeul Național de Artă al României
Le petit Journal Le petit Journal
Radio Prague International Radio Prague International
Muzeul Național de Istorie a României Muzeul Național de Istorie a României
ARCUB ARCUB
Radio Canada International Radio Canada International
Muzeul Național al Satului „Dimitrie Gusti” Muzeul Național al Satului „Dimitrie Gusti”
SWI swissinfo.ch SWI swissinfo.ch
UBB Radio ONLINE UBB Radio ONLINE
Strona główna - English Section - polskieradio.pl Strona główna - English Section - polskieradio.pl
creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti creart - Centrul de Creație Artă și Tradiție al Municipiului Bucuresti
italradio italradio
Institutul Confucius Institutul Confucius
BUCPRESS - știri din Cernăuți BUCPRESS - știri din Cernăuți

Affiliates

Euranet Plus Euranet Plus
AIB | the trade association for international broadcasters AIB | the trade association for international broadcasters
Digital Radio Mondiale Digital Radio Mondiale
News and current affairs from Germany and around the world News and current affairs from Germany and around the world
Comunità radiotelevisiva italofona Comunità radiotelevisiva italofona

Providers

RADIOCOM RADIOCOM
Zeno Media - The Everything Audio Company Zeno Media - The Everything Audio Company