THE EVOLUTION OF PUBLIC PRIVATE PARTNERSHIP PROJECTS IN ROMANIA

The recent global economic and financial crisis has generated challenges at all levels of economic policy decisions. Romanian government needs to act simultaneously on different fronts: sensitive activity sectors need to be encouraged, the general downfall in economic activity has to be counteracted and vulnerable population groups has to be protected from declining incomes. At the same time the government revenues are falling, the domestic and foreign financing is shrinking, with medium to long-term consequences for budgets and debt. In many countries, and Romania is no exception, anti-crisis public measures focus on higher public investment or investment in public objectives, like investment in infrastructure projects as an important mean to maintain economic activity during the crisis and support a rapid return to sustained economic growth. An instrument to realize these investments is the Public-Private Partnership (hereafter PPP).