New Approaches to Performance of Public Investment Projects

Investments play an important role in ensuring the performance of the services provided by public authorities through proper exploitation of opportunities, while respecting the principles of sustainable development. Approached as integrative solution for local authorities and to ensure the promotion of technical and scientific progress, public investments must generate effects at the economic, technical, social and environmental protection level. In the current context characterized by frequent changes of the strategic and operational level, to generate higher levels of performance and for sustaining economic growth, public investment projects must be integrated at micro and the macroeconomic issues. This is reflected in dependence on the efforts and effects of the entire system of partnerships both locally and regionally. The new development models focus on increasing investment performance from a multidimensional perspective that economic, social, cultural, and environmental policy with direct effects on sustainable development. This paper aims to identify new approaches in public investment management, based on quantitative assessment of the need for projects of a certain area. The results from the investigations carried out confirm the possibility to increase the performance level of public services and exploiting the existing resources in terms of vulnerabilities and opportunities.