Cabinet Regulation No. 1152 of 2009 on Procedure for the Conduct of Financial and Economic Calculations, Determination of the Type of a Public-Private Partnership Agreement and the Provision of an Opinion Regarding Financial and Economic Calculations

The Regulation prescribes: (1) the procedure by which the type of a public-private partnership agreement shall be determined and by which financial and economic calculations shall be conducted, as well as the criteria for the accounting of the assets of a public-private partnership, in order to determine the impact of a public-private partnership contract on the amount of long-term liabilities of the State budget and the government debt; (2) the procedure by which the Monitoring Institution shall provide an opinion regarding the assumptions included in the financial and economic calculations and the risk allocation between the public partner and private partner in the public-private partnership agreement, including the deadlines for the provision of opinions, observing the expected contract value in the financial and economic calculations and the risk allocation between the public partner and the private partner; and (3) the procedure by which the Ministry of Finance shall provide an opinion on the expected impact of the conditions referred to in the financial and economic calculations on the amount of the long-term liabilities of the State budget and the government debt.