Investment Ministry eyes 100 new projects under PPP by 2020

The Ministry of Investment and Development plans to sign at least 100 projects within the framework of public-private partnership (PPP) by 2020, Deputy Minister of Investment and Development, Witold Słowik has said. "We also want to launch at least ten projects in which the government is the public party." "Ultimately, at least 5 percent of public sector spending on investment should be realised through PPP," he said. On Thursday, the representatives of the Investment and Development Ministry and the state investment vehicle Polish Development Fund (PFR) signed a letter of intent inaugurating the so-called packaging programme for public-private partnership projects which allow local governments to merge into groups and together acquire a private partner. The main purpose of the packaging mechanism is to reduce costs and increase access to this form of investment financing for smaller local government units.