Opportunities for the Development of Public-Private Partnerships in Bulgaria Following the Example of United Kingdom

Kalin Boyanov

RIVISTA DI STUDI SULLA SOSTENIBILITA', 2025, vol. 10, issue 2 Thematic Issue

Abstract:

The study intends to ascertain whether it is feasible to modify the UK?s strategy in order to meet Bulgaria?s infrastructure and public service deficiencies, given the country?s changing governance environment and major infrastructure challenges. The study highlights important components of the UK?s PPP model, such as strict control, cautious risk-sharing, and value-for-money evaluations, using a comparative policy analysis and real-world case studies from both countries. Critical obstacles that impede the establishment of successful PPPs in Bulgaria are identified by the study, including fragmented legal frameworks and inadequate government competence. The study makes policy recommendations for bolstering institutional capacities, promoting transparency, and fortifying legal frameworks in light of these findings. Bulgaria must take these actions in order to develop a more robust and long-lasting PPP model. The findings show that PPPs can boost economic growth, decrease corruption, and increase public value when properly implemented. But in order to reach their full potential, Bulgaria needs to get over legal and institutional barriers, especially with specific policy changes. In the end, this study provides insightful information for scholars and policymakers who want to advance PPP models, especially in transitional economies. The study comes to the conclusion that although it is not feasible to directly replicate the UK model, Bulgaria?s infrastructure and public services might be greatly enhanced by implementing modified approaches.

Keywords: Governance; Risk Management; Transparency; Transitional Economies; Innovative Mechanisms (search for similar items in EconPapers)
Date: 2025
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