Investment projects implementation through public-private partnerships models

Brnjas, Zvonko and Stošić, Ivan (2015) Investment projects implementation through public-private partnerships models. In: New еconomic policy reforms. Belgrade Banking Academy, Belgrade, pp. 402-417. ISBN 978-86-7852-036-5

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Abstract

The topic of this article is the public-private partnership (PPP) as a specific form of
investment projects implementation which is assuming cooperation between partners
from public and private sectors. Commonly those investment projects are within
jurisdiction of local and/or government of higher levels and refer to implementation
of the capital infrastructural projects such as the construction of roads, bridges,
tunnels, streets, communal utilities, schools, pre-school, sports and social facilities,
etc.
The rationales for using PPP are numerous, but, basically from the point of public
partner, it is expected that PPP will provide additional capital and a greater level of
management and operational efficiency. For the public sector it is also very important
that the model of financing projects through PPP does not affect public indebtedness
since the borrowing within this model usually is incurred by private partner. From the
point of the private sector, participating in the PPP models is opening new windows
in the growing market of public services.
In the article the modalities of PPPs that are most commonly used in the practice are
presented; also the organizational and institutional framework of the PPP functioning
in Serbia which was completed by the adoption of Law on PPP and Concession in
2011 is elaborated; and finally the initial experience of this model implementation is
Serbia are presented and compared with the practices in the Region (Western
Balkans) and in the European Union.

Item Type:	Book Section
Additional Information:	COBISS.ID=512286818
Uncontrolled Keywords:	public sector, private sector, investment projects, procurement procedures, the institutional framework, capital projects financing
Research Department:	?? H1 ??
Depositing User:	Jelena Banovic
Date Deposited:	28 Aug 2016 17:09
Last Modified:	28 Aug 2016 17:09
URI:	http://35.240.28.64/id/eprint/674
Author Links:	[error in script] No links available.

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