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July 1, 2008

Ministry of Economy gives incentive for investments

Warsaw (Puls Biznesu) - The ministry proposes a new law on public-private partnership.

The Ministry of Economy yesterday sent its bill for a public-private partnership law. The new low sets frameworks, gives up of red-tape, sets the obligations very generally. It lets to build in PPP system roads, high-ways, stadiums, swimming-pools and even hospitals. In the system, a private company invests its own funds and builds a building. Local authorities or the government provide the lot. The private investor manages the building and earns in fees. The present PPP law implemented nearly three years ago has been dead. The Ministry of Economy believes that not a single project has been realized properly. The former government, PiS, was to blame because it hindered the merger of private and public funds.

Full Story...

Posted by boyang at July 1, 2008 1:13 PM