New PPP Rules in Serbia
The growing need to build new public infrastructure and update existing infrastructure, invest in projects of general interest and provide services of public interest in Serbia has required the creation of a legal and institutional framework for attracting private investment. The Law on Public-Private Partnership and Concessions (the “PPP Law”) was adopted in 2011 and it introduced the concept of public-private partnerships into the Serbian legal system for the very first time.
Since then, several public-private partnership (the “PPP”) projects have been initiated and implemented in Serbia, these being mostly on the low to medium scale. The sectors involved vary from public transportation, public lighting, energy and water to maintenance of roads and other infrastructure. The Serbian market is, however, yet to see a large-scale complex PPP project in full operation.