Publication details
Public-private partnerships projects as the source for financing of public infrastructure investment
| Authors | |
|---|---|
| Year of publication | 2020 |
| Type | Article in Periodical |
| Magazine / Source | Memlekettik-Jeke Menshikariptestik |
| MU Faculty or unit | |
| Citation | |
| Description | This paper deals with the implementation of Public-Private Partnerships Projects (PPP) as an alternative instrument in the financing of public infrastructure investment. PPP are very popular in countries with limited public finance resources and large public infrastructure gaps. However, before implementing, it is necessary to understand pros and cons of PPPs and to learn lessons from their use in developed and developing countries. The paper briefly explains the concept and the rationale for the use of PPPs as an alternative financing instrument to attract private finance in the implementation of public infrastructure investment. Following this, the paper summarises existing experience with the use of PPPs worldwide and in its core part tries to identify core factors and barriers of successful implementation of PPPs using primary research by authors. The paper contributes by adding invaluable knowledge in the financing of public infrastructure investment by conveying important insights in the implementation of PPPs. |