The current regulation and practice of financing public investments in Romania lack coherence, leading to a reduced dynamic of public investment projects, limited only to those financed from public funds.
This project proposes a cross-area, interdisciplinary research on the subject of financing public investments, combining law with administrative and political studies tools. It aims to provide key criteria, assessment mechanisms and clear legal structures to inform decisions of public authorities regarding the financing of public investments.
The first objective of my research is to provide the foundation for a comprehensive legal regime for the financing of public investments, to integrate all relevant legal norms, principles and legal interpretations from relevant branches of law, which are currently analysed on a limited area basis, and to identify legislative gaps and norms that impede on the performance of public investment projects.
The second objective is to define a set of criteria and minimal elements as a basis for the selection by a public authority of the adequate financing structure for an intended public investment project, in the context determined by its budgetary and legal constraints and considering the public interest imperative.
Such integration of rules and decision-making criteria could contribute to a better transparency and accountability of public authorities’ decisions concerning public assets and thus to good administration.