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 told a Thursday press conference.

"We also want to launch at least ten projects, where the government will be the public party," Słowik added.

"Ultimately, the intention is to ensure that at least 5 percent of the public sector's spending on investment is 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 will 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.

Thanks to the packaging of PPP, a local government group will jointly conduct a public-private partnership proceeding and grant a joint public procurement contract for specific work, such as road construction or modernisation.

The Polish Development Fund is responsible for the selection of local governments to be included in the project. PFR has earmarked, within the framework of the Local Government Investment Fund, about PLN 600 million (EUR 140 mln) for investment projects to be implemented by local governments.

The assumed value of a single investment project is between PLN 10 million (EUR 2.34 mln) to 120 million (EUR 28.23 mln).

Autor: gf / Źródło: TVN24 International, PAP