Region: Europe and Central Asia (ECA)
Country: Serbia
Topic: Legal Framework, PPP Unit
Keywords: Legal Framework *, Legislation and Laws **, PPP Law ***, Serbia, PPP Unit
Document Link(s):
Document Summary:
A link to the Commission for Public-Private Partnership website in Serbia.
Document Details:
The growing need to build new public infrastructure, invest into projects of general interest, and provide services of public interest in Serbia has required the creation of a legal and institutional framework for attracting private investment.
The long-awaited Law on Public-Private Partnership and Concessions was enacted in November 2011. This piece of legislation is particularly important as it has become less easy for Serbia to get affordable finance from international donor organisations: this means that private capital will have to be raised to build roads, schools, waterworks, landfills, and any other projects not able to attract traditional funding from the budget. The private sector should be involved primarily to reduce fiscal pressures on local budgets, accelerate investment into infrastructure, and improve services while reducing their costs.
Updated:
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