Parteneriatul public-privat: un nou început?
PPPs in Romania: a fresh new (re)start?

Summary/Abstract: Public-private partnership remains a confusing concept and still with multiple parallelisms and regulatory loopholes in national legislation despite the declared intention of the legislator to make the mechanism more flexible by promoting GEO 39/2018. However, the investment opportunities that such a financial arrangement can create can be enormous. Although in 2017, the value of PPP transactions at European level reached EUR 14.4 billion, Romania currently has no PPP project in tender procedure and has never achieved financial closure with any PPP project, although since the 2000s there have been several attempts in this respect. The editorial analyzes the impact of the national regulatory framework on the failure of PPP projects in Romania, as well as the relationship of this cause with other issues such as political support, the way in which public policies are formulated in the field of public investment, the administrative capacity of public authorities to prepare, assign and implement PPP projects, the private sector's willingness to engage in such projects at both delivery and financing levels, complicated award procedures, limitations imposed by Eurostat's accounting treatment in PPP project material.

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