Tuca Zbarcea & Asociatii and the IFC have worked alongside Romania's General Secretariat of the Government, Ministry of Finance, Ministry of Development, Public Works, and Administration, and Ministry of Transport and Infrastructure to update the country's regulatory framework regarding public-private partnership projects, works concessions, and service concessions.
The objective of the amendments was to align the content of the pre-feasibility and feasibility studies for public-private partnerships and concessions to European and international best practices, namely enabling the opportunity to tap into the know-how and innovation brought in by the private partner into the project.
According to the firm, "a new section regulating the framework content of the technical and economic documentation for investment objectives carried out as public-private partnerships or works concessions or service concessions was included," as well as two new annexes "regulating the framework content of the pre-feasibility study and the framework content of the feasibility study related to this type of projects."
The Tuca Zbarcea & Asociatii team included of Managing Associate Iuliana Leon and Associate Tudor Bonifate.