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Bucharest
March 1, 2021
BUSINESS

Foreign investors warn public procurement system hinders infrastructure projects

Foreign Investors Council (FIC) says that the most important resource for financing the large infrastructure projects, the European funds, is wasted, as Romania has the lowest absorption rate  in the EU.

The public procurement system is deficient and has generated delays, blockages and even the cancellation of some important infrastructure development projects, the Foreign Investors Council (FIC) informs in a press communiqué. IC representatives show that although European funds represent one of the few engines that support investment in general and infrastructure investments in particular, in the current economic context, Romania has the lowest absorption rate in the EU.On the other hand, the use of funds earmarked by the government for infrastructure projects has to be done so as to ensure the maximization of the economic impact, FIC points out.One of the FIC representatives’ recommendations is to enhance the stability and efficiency of the regulatory framework in the public procurement domain, by conducting a more profound analysis of the impact that legislative modifications have on the system. At the same time, FIC representatives note the high number of complaints, despite the measures taken to lower it. Thus, the National Council for Solving Complaints should more closely monitor the trend and nature of complaints, being necessary for the Authority for the Supervision of Public Procurements (ANRMAP) to improve its technical competencies specific to the nature of the procurements’ goal.Another identified problem is the conflict of interests in the procurement domain, the recommendation being to develop consistent methodologies that would lead to their discovery.

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