Practical Measures to Boost Public Investment and Accelerate Ongoing Projects
A set of practical measures has been adopted to stimulate public investment and accelerate the completion of ongoing projects.
Introduction of Adjusted Financial Guarantees
One of these measures concerns the introduction of adjusted financial guarantees. The government has decided to adopt a 3% guarantee rate for final transaction guarantees and a 5% rate for guarantee reservations.
These rates aim to alleviate the financial pressure on businesses while ensuring the proper execution of projects.
Simplified Guarantee Management
For transactions without a guarantee period, the public buyer will be required to issue a release certificate, valid four months after the operation's reception. This is designed to promote greater flexibility in project management while ensuring transaction security.
For transactions with a guarantee period, final release certificates will be issued. These certificates will take effect one month after the provisional or final reception of the transactions.
Solutions for Pre-November 2024 Transactions
The government has also provided solutions for transactions predating November 2024. Holders of previous transactions without a guarantee period will be issued a release certificate, provided that the reception report has been signed without reservations. This measure applies to projects whose reception took place before the end of the year, with a deadline set for January 2025.
For transactions with a guarantee period, a release certificate will also be issued for those whose final reception report has been signed before January 2025.
Streamlining Administrative Processes
These decisions reflect a clear intention to streamline administrative processes and mitigate obstacles that may hinder investment.
