Research of Conditions for Development of Public-Private Partnership Concept

Abstract

Public-Private Partnership (PPP) is a contractual relationship that integrates resources of the public and private sectors in the function of more efficient building public services. Over time, national governments have accepted, developed and organized Public-Private Partnerships in various ways, by respecting its historical and cultural context, the legal framework and the economic environment. The goal in this paper is to identify key factors that may have an impact on the development of public-private partnerships. In this paper, along with the presentation of previous research, we will demonstrate the development of the concept of Public-Private Partnership in countries with different political, social and economic regulations.

Critical Success Factors for Sustainable Public-Private Partnership (PPP) in Transition Conditions: An Empirical Study in Bosnia and Herzegovina

“…Ireland and the United Kingdom are one of the most mature PPP markets. Over the last two decades, 24 projects of total capital value of over €5 billion have been implemented [4]. O'Shea and coauthors state that the Ministry of Public Expenditure and Reform in the Review of the Capital Plan 2016-2021 identified three phases in the development of PPPs in Ireland [40]: (1) the first phase of the PPP development was focused on travel infrastructure and primary education, (2) the second phase of development was concerning social housing, (3) while the third included projects regarding higher education, health, and courts.…”

“…Grimsey and Lewis indicate that a Public-Private Partnership "fills a space between traditionally procured government projects and full privatization" [3]. Over time, national governments have accepted, developed, and organized Public-Private Partnerships in various ways, respecting their historical and cultural context, legal framework, and economic environment [4]. Advanced Public-Private Partnerships (PPP) markets have also developed Public-Private Partnerships in areas traditionally being taken care of by public sector.…”