Croatian government to improve public-private partnership legislation.

By bne IntelliNews June 28, 2012
The Croatian government sent to the parliament a new law on publicprivate partnership (PPP), which aims to ensure a more transparent procedure as well as swifter and more effective negotiations on the implementation of such projects, news agency HINA reported. The current act was adopted in 2008 but is not efficient enough. In order to allow much quicker implementation of the project, the new draft law envisages a reduction of the time in which the finance ministry and PPP agency have to give their consent on the project to 30 days from 180 days. The time for each stage is shortened to six months instead of current 18 months. The law also envisages a possibility of signing contracts for a period longer than 40 years, if such a deadline is defined by a separate law. In addition, it allows the commercial use of parts of public buildings.

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