Оригинална статия Обща икономика и преподаване

PUBLIC–PRIVATE PARTNERSHIP IN INFRASTRUCTURE SECTORS: A REDISCOVERED OPTION

Албена Ватралова - PhD, Chief Assistant Professor at the Water Management, Climate, Atmosphere and Water Research Institute, Bulgarian Academy of Sciences,
Получена: 26 мар 2025
Ревизирана:
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Сваляния: 0
Търси по JEL таг 0
книжка 1/2025
JEL H41 L32 L51 H54 L12 L90 R42
DOI https://doi.org/10.56497/etj2570103

Резюме

Governments around the world turned to public-private partnerships (PPPs) to design, finance, build and operate infrastructure projects in the 1980s and particularly the 1990s. This increased cooperation between the public and private sectors for the development and operation of infrastructure in a wide range of economic activities was provoked primarily by the limitations of public funds to cover investment needs but also by efforts to increase the quality and efficiency of public services. During the global financial crisis of 2008–2010, interest in PPP models for delivering public services significantly decreased worldwide. Still, there has been sustained attention towards this form of cooperation for the implementation of projects benefitting society on the part of international institutions. Public–private partnership as a management tool entails a paradigm shift from paying for public services to focusing on delivering better services. The present study examines and analyses the essence of PPP. The need for PPP in infrastructure sectors is justified, while its characteristics and main models are also examined. The mechanism of its implementation is described, and the role of the various stakeholders is discussed. Finally, the necessary business environment conditions are formulated, and conclusions regarding the successful implementation of PPPs are drawn.

Как да се цитира тази статия

Vatralova, А. (2025). Public-Private Partnership in Infrastructure Sectors: A Rediscovered Option. Economic Thought Journal, 70 (1), 39-54. https://doi.org/10.56497/etj2570103

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