Is The New PPP Legislation Giving A Boost To Infrastructure Projects?

This seems to be a hot year-end for Romanian infrastructure, with the government recently launching the first public procedure for the award of a strategic infrastructure project under the new Romanian PPP legislation: the construction of the Ploiesti-Brasov motorway. If successful, the project will validate the effectiveness of the new PPP legal framework, while also putting an end to a series of failed attempts to build this motorway under concession or PPP regimes.

Interested investors may submit their initial bids by 17 December, pursuant to the tender documentation published by the National Commission for Strategy and Prognosis (NCSP) for the award of the PPP contract regarding the construction of the Ploiesti-Brasov motorway. Given the complexity of the project and the fact that the Romanian authorities are only taking their first steps in awarding PPP contracts, we believe this is a good time to recap the main aspects of interest for both investors and lenders.