Since 2002, Romania has initiated a number of PPP projects that have supported economic growth and strengthened tourism, travel opportunities, healthcare, and infrastructural investments. Furthermore, new regulations introduced in May 2018 are helping to attract more interest from private partners, particularly for the development of large-scale projects. This in turn is creating a growing need for qualified PPP professionals who can design and manage such initiatives.
To strengthen Romania’s capacity to structure and implement sustainable PPPs, Chapter 1 of the PPP Certification Program Guide and Foundation level exam has been translated into Romanian.
The PPP Guide and APMG PPP Certification Program (CP3P) has been key to helping PPP professionals learn from best practices and develop the skills and expertise needed to deliver a pipeline of impactful and sustainable projects in social and economic infrastructure.
The APMG PPP Certification Program is an innovation of the Asian Development Bank (ADB), the European Bank for Reconstruction and Development (EBRD), the Inter-American Development Bank (IDB), the Islamic Development Bank (IsDB), and the World Bank Group and part-funded by the Public-Private Infrastructure Advisory Facility (PPIAF). This new translation, supported by the International Finance Corporation (IFC), part of the World Bank Group, will further support PPP practitioners in Romania by equipping them with knowledge and resources in their native language.
“Public sector alone cannot fulfil the ambitious development objectives of Romania and Moldova, while the resources of the private sector remain highly untapped, especially in the area of public infrastructure,” said Mehita Fanny, IFC Regional Manager for Public-Private Partnership (PPP) in Europe. “IFC is committed to advancing public-private partnerships (PPPs) in Romania and Moldova by strengthening public sector institutional capacity through initiatives like the APMG PPP training and certification, designed to empower government officials with the skills needed to develop, implement, and manage well-structured PPP projects across all sectors.”
"When we started this project with the World Bank, we could not have predicted the global interest it has received" said Richard Pharro, CEO of APMG International. "I am delighted that, with the support of IFC, core parts of the PPP Guide have been translated into Romanian so practitioners in Romania and Moldova can develop their PPP knowledge and understanding in their native language. They have joined an ever-growing community of professionals using PPPs to make a difference in their country."
The Romanian edition of PPP Guide Chapter 1 is a free downloadable publication to help candidates prepare for the APMG PPP Foundation level exam and represents a good knowledge resource for all elements of the PPP cycle, including financial models and best contracting practices. Over 1.25 million visitors have accessed the Guide across all its language versions.
The APMG PPP Certification Program is an international success, with CP3P certified professionals in over 112 countries and the Foundation Certification now available in 11 languages.