Getting the Deal Through 2018 Public private partnerships chapter for Romania

Getting the Deal Through 2018 Public private partnerships chapter for Romania prepared by Voicu & Filipescu Senior Partner, Marta Popa.

Update and trends
Romanian PPP law was enacted in 2016 but, as it currently lacks the implementation norms, has not yet been functional. At the time of writing, there have been no PPP projects concluded in Romania. In August 2017, the Romanian government launched for consultation a new legislative package, containing amendments to the existing law and, eventually, implementation norms. The declared aim was to modify and simplify PPP law in order to render the law functional as of late 2017 and to allow a faster implementation of strategic projects. According to Romanian officials, healthcare is one of the beneficiaries of the new law, along with transport infrastructure, telecommunications, utilities and public administration. The envis – aged amendments on PPPs will differentiate projects that can be implemented locally (ie, those with medium and small investments) from large ones (a threshold shall be set), and only the latter shall require government approval regarding the main elements of the substantiation study. The differentiation should allow local authorities to faster implement PPP projects that are prioritised under the governance programme.