Economy experts skeptical over billion euro PPP initiative

TIRANA, Feb. 8 – Economy experts are skeptical over the ruling Socialists’ pre-electoral initiative of injecting 1 billion euros in key sectors through public-private partnerships, warning the project risks creating new arrears and hidden public debt at a time when the country’s economy already faces high debt levels and the economy is slowly recovering. The reaction comes after Prime Minister Edi Rama recently announced an ambitious 1 billion euro PPP project in key road, education and health sectors to attract private capital in return for government financial support spanning throughout 10 to 13 years. The Prime Minister said he was…