Local view for "http://purl.org/linkedpolitics/eu/plenary/2006-10-25-Speech-3-410"

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"en.20061025.29.3-410"2
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"Even though there is no uniform definition of public-private partnership (PPP) that would apply throughout the Community, a large number of projects have been successfully implemented in the European Union’s freight and passenger railway transport sectors, as well as in the area of public health and education. These successful projects provide sufficient justification for Parliament to take up the topic as well, and I welcome the Commission’s communication on PPPs, which includes specific proposals drawn up on the basis of public consultation. At the same time I would like to congratulate the rapporteur, Mrs Weiler, on her well balanced report highlighting the need for legal certainty in this area. Under PPP arrangements, private enterprises transfer their know-how to the public sector. In my amendments, which have been incorporated into the report, I have therefore emphasised the need for establishing transparent mechanisms for private investors. Investors should be given guarantees that their legal and financial interests will be safeguarded for the life of a contract and also that the terms and conditions of public tenders will remain unchanged during their period of applicability. Due to lack of experience, the new Member States in particular are apprehensive of using PPPs. Information gathered from the implementation of successful projects will help them to avoid repeating errors and procedures that have in practice ended in failure. I am convinced that PPP projects will be able to attract the desired capital only if the interested parties within EU Member States are well informed and conform to the quality regulations and transparent rules of the Community. These regulations and rules will help them build up infrastructure, the development of which has lagged behind due to underfunding. This form of cooperation may also prove instrumental in helping bridge regional disparities and ensuring the sustainable development of Europe’s poorer regions."@en1

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