Normative framework for implementing law on public-private partnership will be presented by this yearend

The Ministry of Economy and Trade will work out and present the normative documents needed to implement the law on the implementation of the public-private partnership by the end of this year. According to the Deputy Minister of Economy and Trade Iurie Muntean, there will be drafted a number of regulations and a textbook on how these partnerships should work, on the division of risks between business and the state and the rights and obligations of the sides, Info-Prim Neo reports. The ministry will encourage the creation of private-public partnerships for financing investment projects, especially in the area of public utilities, the deputy minister said. According to him, these economic areas are vulnerable as their fixed assets are worn out and practically no investment was made into their renovation in the past 10 -15 years. “We have calculated that an average 90 million lei will be needed to build a kilometer of road in accordance with the European standards, and investments of 250,000 dollars will be needed for a bed in a specialized medical clinic (equipment and consumables for a place – e.n.), for instance for cardiovascular diseases. The state does not have such money, that’s why we chose the public-private partnerships as other European countries did in the 70s-80s of the last century,” the minister said. Iurie Muntean also said that they are now examining the possibility of creating partnerships with foreign and national investors. “The law on the public-private partnership offers great possibilities of stimulating regional development, of liquidating the discrepancies in the development level of the municipalities and other settlements of the country. We think that at the start of the next year, when the first partnerships will be launched, many of them will include representatives of the private sector of Moldova. Some of the projects on drinking water supply and sewer services begin to take shape,” Iurie Muntean said.