The report points to the lack of clear delineation between the new PPP law and the existing law on concession.
The document also shows there has been little private sector involvement in railway freight operations, in the development of railway and road infrastructure, as well as in the development of the country’s main airports.
EBRD will support greater private sector involvement in road infrastructure projects, railway freight operations and railway infrastructure development by offering long-term debt or equity to concessionaires, reads the report.
The bank wants to support the development, rehabilitation and modernization of Romanian airports by working with private sector investors. “Long-term debt or equity will be considered depending on the financing needs of the sponsor,” reads the document.
The European Bank for Reconstruction and Development estimates it will invest EUR400 million to EUR500 million a year in Romanian projects over the next three years, according to the bank’s latest strategy for the eastern European country.