PUBLIC PRIVATE PARTNERSHIPS IN INFRASTRUCTURE PROJECTS

Mihnea Craciun ()
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Mihnea Craciun: The Bucharest Academy of Economic Studies, Romania

Journal of Doctoral Research in Economics, 2011, vol. 3, issue 3, 13-22

Abstract: Public Private Partnerships (PPPs) are new, innovative ways in which the public and the private sector can cooperate to efficiently build infrastructure assets by sharing risks and rewards and focusing on elements that each of them excel in. Over the course of the last half of century, several countries in the world such as the UK, Australia or the Unites States have embraced the concept and have sets new challenges in applying its principles to evermore activities and economic sectors. The PPPs represent a hybrid way of supplying good and providing services in which the private and public sectors work together to achieve results which could not have been obtained by one party’s efforts only.

Keywords: public sector; private sector; public-private partnership; project finance (search for similar items in EconPapers)
JEL-codes: F30 H42 P33 P45 (search for similar items in EconPapers)
Date: 2011
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