Discuții privitoare la implicarea fondurilor publice în proiectele de parteneriat public-privat în condițiile legislației române actuale
Debates regarding the involvement of public funds in the public-private partnership projects according to the applicable Romanian laws

Summary/Abstract: Given the ambiguity of the legal texts in the Law concerning the public-private partnership addressing the financing of public-private partnership projects, this study endeavors to identify the various ways of using public funds in such projects. It forwards arguments for a restrictive interpretation of the concept of „financing” as used by such texts, proposed to be limited to the construction phase of the project, and also analyses the main legal structures having an impact on public funds, usually guarantees, by which the public partner may provide support to a public-private partnership project. Whilst pleading for the use of such direct of indirect public guarantees, the study emphasizes the need for their accurate identification, including their potential consequences on the public debt and deficit statistic treatment as well as on state aid.

• Details
• Contents