Romanian Govt. adopts emergency ordinance on public-private partnership

The Government adopted on Thursday, May 10, an emergency ordinance that sets the rules for public-private partnerships. The ordinance provides that public-private partnership contracts will be signed for a period of at least five years so that the private partners can recover their investment and make a reasonable profit. The financing of the investments made in public-private partnerships will be provided entirely by the private investor or split between the two parts, but the public partner won’t provide more than 25% of the total investment value. The ordinance also provides that a special fund will be created to finance the state’s share in strategic public-private partnership projects. editor@romania-insider.com