Financing of industrial brownfield regeneration in Romania

Ciolacu Dragos, Nicolas Samson

„This project has been funded with support from the European Commission. This publication [communication] reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the

information contained therein.“

Awareness

• What relevant financing issues can be identified in industrial brownfield regeneration in Romania ?

• What are the main sources of funds in the spatial planning and the reconversion of derelict buildings in Romania ?

• What are the European financing possibilities of brownfield redevelopment in Romania ?

• Public – private - partnership to finance brownfield redevelopment in Romania.

Goals of the teaching unit

• To encourage developers to invest in their redevelopment, by giving them access to the financial incentives.

• To present the main sources of financing policies addressing the issue of brownfield sites concentrated on their cleanup and redevelopment.

• The reduction of industrial activity had important effects connected with brownfields project realization.

Content

• The total volume of financial assistance allocated to Romania by current European Union funded programmes.

• National Bank general regulations• Public-Private-Partnership and private investments• Powers and responsibilities at regional levels

Regional structures in Romania

• Regional councils and agencies are in charge of drafting strategies and the allocation of funds for development projects.

• The politicization of the decision making process on regional development.

• The delivery of services undertaken by the national government, through direct involvement or through its de-concentrated offices.

The Cigarettes Factory, Iasi

The Oldest Printing House in Bucharest

LACTIS, dairy processing company, Iasi

Glucose Factory, Bucharest

Conclusions• More efficient absorption of EU structural funds is

necessary.• Fiscal decentralization and more autonomy to local

governments to administrate money for brownfields redevelopment.

• The responsibilities undertaken by regional stakeholders in diversification of sources to finance brownfields decontamination and redevelopment.

• Financial risks for industrial brownfields regeneration projects in Romania.

Thank you for your attention

http://browntrans.vsb.cz

„This project has been funded with support from the European Commission. This publication [communication] reflects the views only of the author, and the Commission cannot be held responsible for any use which may be made of the

information contained therein.“