09 August 2012
On June 1, 2012 the Bulgarian Parliament approved a bill that aims to encourage private investment in public projects. This new Public-Private Partnership Law, which will enter into force on January 1, 2013, allows the government and the municipalities to enter into public service provision contracts with private companies for up to 35 years, as well as to establish joint ventures between the public and private sectors. Services that fall within the scope of the newly enacted law may include activities such as: prisons catering, street lighting maintenance, public buildings maintenance, education services, as well as providing children’s and adult care. Activities, which remain out of the scope of the law, are underground resources mining, water and transportation services, which will continue to be subject to the concession granting regime.
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