12 December, 2007
Joint ventures between the public and private sectors, also known as Public-Private Partnerships (PPP), were a cornerstone of the Greek government's reforms programme, Greek Economy and Finance Minister George Alogoskoufis said on Tuesday at an Economist Conference dealing with PPPs and their application in SE Europe and the eastern Mediterranean.
The finance minister described PPPs as an "essential tool for achieving higher growth, increasing the number of jobs, reducing the public sector's participation in the economy, increasing the private sector's stake in constructing infrastructure and improving the daily life of citizens".
He stressed that reforms via PPPs would play a major role in the development of the Greek economy and society in the coming years.
Alogoskoufis said that 24 projects using the PPP method - worth 3.1 billion euros in total - had now been approved since 2006 and that tenders had already been carried out for three of these, while more tenders were due to be announced in the next 10 days for infrastructure projects for the Peloponnese University with a total budget of 100 million euros.
He also noted that Greece could act as a focal point for promoting the use of PPPs in the surrounding regions, pointing out that several interested countries had already sent executives to Greece to be trained, such as Egypt.
Source: Athens News Agency