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Frequently Asked Questions

How much time is needed for a PPP project to be tendered?

The time required to tender a PPP project depends on its maturity and the actions already taken by the Contracting Authority (the public institution) to ensure the successful implementation of the project. The main characteristic of this procedure, according to the international practice and due to lack of specialised staff in PPP projects, is the recruitment of external advisors, financial, technical and legal advisors. These advisors assist the authorities to carry out the projects faster and in a more effective way, since the invitations to tender differ from those of traditional Public Procurements

Why was a special unit established within the Ministry of Economy and Finance (Special Secretariat for Public-Private Partnershi

The establishment of a legal framework constitutes the basic condition for the wider implementation of PPPs, but the way they will be implemented and the organisational preparation of the Public Authorities is the basic element for their success. The implementation of PPPs requires particular know-how and staff in a broad range of disciplines, as well as extensive experience and expertise in their respective specialization fields. It is not possible, however, for all the Public Authorities to be staffed accordingly at once. Because the contracting authorities of the PPPs are the public institutions themselves, the Ministry of Economy and Finance has to assist them so that they can cope with the new projects that they will implement via PPPs. For this reason the State, like other countries already implementing PPPs, via setting up a Special Secretariat, has created a central mechanism with experienced staff, ensuring in this way that everyone will have access to that knowledge. On a technical level, the Inter Ministerial PPP Committee approves PPPs and integrates the annual payments in the Public Budget, according to Law 3389/2005. Therefore, it needs to ensure that the services provided by the private sector are viable and that the financial data are realistic and for the benefit of the State, in relation to the results they produce. The Special Secretariat when approving PPPs or launching tenders it evaluates a lot of parameters that prove the necessity for implementing such projects. The implementation of PPP projects where the Public sector reimburses directly the private sector creates future obligations for the State. The Special Secretariat, in collaboration with the respective departments of the Ministry of Economy and Finance, monitors all the financial obligations undertaken by Public Entities, so that the State knows precisely the future burden on the Public Investments Programme, resulting from the implementation of PPPs and the payments to be made.