90 likes | 264 Views
Funding for Infra-Structure Projects Romania. From Comissioning up to Final Invoicing. Derek M. McElearney. 28.03.2011. Funding for Infra-Structure Projects.
E N D
Funding for Infra-Structure Projects Romania From Comissioning up to Final Invoicing Derek M. McElearney 28.03.2011
Funding for Infra-Structure Projects • Engage/Execute National Development Plan with programme formed by a National Development Authority ( Ireland 2000-2006 / 2007-2013) • National Strategy of Regional & National Development (Poland 2010- 2020)
Funding for Infra-Structure Projects Advantages of legalising of FIDIC for EU contracts Romania: • The Employer/Government initiates the project stipulating what works are required to a detailed level, The employer supervises the contract via consultant engineer in turn paying for the contract on behalf of the Employer/Government. The use of FIDIC contract controls the relationship between the employer/government enforced by the consultant engineer FIDIC provides a contractual condition which in turn lays down the obligations of both parties. when unexpected problems arise, which often will lead to delays and additional cost, The FIDIC condition of contract will clearly determine which of the parties should bear the consequences. The FIDIC form of contract was written by independent consultant Engineers, Institutions of Engineers,lawyers,world bank, with many years of practical experience of construction projects,
Funding for Infra-Structure Projects • Enforcement of systematic creation of Regional & National Infra-Structural re-habilitation contracts according to FIDIC practice
Funding for Infra-Structure Projects • Compulsory purchase order (CPO) legislation
Funds for Infra-Structure Projects • Streamlining of application process for entities to apply for funds on local level Until recently the local application process for applying for EU funds have been quite difficult in comparison to the other 27 member states. A solution could be to comply with EU and regulatory forms of application similar to the other successful member states.
Funds for Infrastructure ProjectsPrioritizing fully the absorption of EU funds (Economic Sustainability )