Are you sure?

Gov't scraps plan for PPP theatre

Hungary's government has annulled a decree by its predecessor stipulating the construction of a theatre in the capital in a public-private partnership (PPP), the latest issue of the official gazette Magyar Közlöny shows.

The investor in the PPP was to have been paid an annual rental fee up to HUF 3.1 billion for a period of 25 years.

Prime Minister Viktor Orbán announced in the autumn that the government would immediately suspend PPPs and review ongoing investments made under such schemes. Private interests have squeezed out public interests in PPPs, he said. (MTI – Econews)