Exploring Public-Private Partnerships in Romania: benefits,challenges, and implications for infrastructure developmentand sustainable growth

In Romania, transportation infrastructure, especially airports, is essential for economic development and connectivity. However, financial and administrative challenges require a careful assessment of financing options such as public-private partnerships (PPP), European funds, bank loans and concessions. The success of these financing options depends on several factors such as political stability, legislative framework and institutional capacity. This paper analyzes the impact of financing options on the implementation of infrastructure projects - a case study at an airport in Romania. In doing so, financial and project documents, governance policies and reports on the access and absorption of European funds will be examined to identify the key factors influencing the efficiency and sustainability of infrastructure projects. The article seeks to provide concrete recommendations for optimizing financing options, considering both current challenges and emerging opportunities, so as to maximize benefits for local communities and the national economy

Publication Details

Journal
Review of International Comparative Management
Published
2024-12-01
DOI
https://doi.org/10.24818/rmci.2024.5.944
Primary Topic
Public-Private Partnership Projects
Type
article
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article

Exploring Public-Private Partnerships in Romania: benefits,challenges, and implications for infrastructure developmentand sustainable growth

Review of International Comparative Management
Public-Private Partnership Projects
article

Exploring Public-Private Partnerships in Romania: benefits,challenges, and implications for infrastructure developmentand sustainable growth

article en

Abstract

In Romania, transportation infrastructure, especially airports, is essential for economic development and connectivity. However, financial and administrative challenges require a careful assessment of financing options such as public-private partnerships (PPP), European funds, bank loans and concessions. The success of these financing options depends on several factors such as political stability, legislative framework and institutional capacity. This paper analyzes the impact of financing options on the implementation of infrastructure projects - a case study at an airport in Romania. In doing so, financial and project documents, governance policies and reports on the access and absorption of European funds will be examined to identify the key factors influencing the efficiency and sustainability of infrastructure projects. The article seeks to provide concrete recommendations for optimizing financing options, considering both current challenges and emerging opportunities, so as to maximize benefits for local communities and the national economy

Review of International Comparative Management(Vol. 25 No. 5 / 2024)
Openalex Percentile: Top 48%
Public-Private Partnership Projects
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Exploring Public-Private Partnerships in Romania: benefits,challenges, and implications for infrastructure developmentand sustainable growth · Review of International Comparative Management (2024) | TGRS Research Map | TGRS