The Role Of The Public-Private Partnership Under Economic Crisis At Eu Level And Its Challenges On The Romanian Market
To tackle the financial and economic crisis, the EU and its Member States are trying to stimulate investment in infrastructure projects as an important mean to maintain economic activity during the crisis and support the return to economic growth. Public Private Partnership (PPP) is a proven instrument for effectively delivering infrastructure projects, being at the same time an interesting vehicle for the long-term structural development of infrastructures and services, bringing together advantages of both the private and the public sector. At EU level, PPP can offer superior leverage to key projects, increase Europe’s innovation capacity and drive the competitiveness of European industry in sectors with growth and employment potential. However, just at the time when the systematic use of PPP would bring considerable benefits, the crisis has made its implementation more difficult. It is therefore very important to find new ways to support the development of PPP. EU financing through the Structural Funds, the European Investment Bank or TEN-T instruments can mobilize financing solutions for PPP projects, even at a time of reduced availability of national public or private resources. The EU also influences the environment in which PPP’s operate through its regulatory framework. Romania is part of the EU and can use the advantages of PPP in order to sustain its recovery from the crisis and close the infrastructure quality gap to the EU western countries. This needs, however deeper understanding among the public authorities and higher efforts in creating a more precise regulatory framework.
Volume (Year): 3 (2011)
Issue (Month): 1 (March)
|Contact details of provider:|| Postal: 6 ROMANA PLACE, 70167 - BUCHAREST|
Web page: http://www.jdre.ase.ro
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:aes:jdreco:v:3:y:2011:i:1:p:38-46. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Lucian Onisor)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.