engleski

PFI/PPP Case study - multifunctional sport hall “LORA” in Split, Croatia

In recent years PPP models are becoming more and more applied for accomplishing goals set out by the Governments, Local Authorities and other Public sector entities. Budget restraints have often been a drive for Public sector officials to procure projects by using PPP model. PPP is now used in variety of sectors and there are a number of different PPP project that cover a wide spectre of different infrastructure project. Since Croatia was selected to host World Championship in Handball in 2009. Government of Croatia has step in to help the host cities build needed sport halls. One of the PPP models applied is Private Finance Initiative (PFI) in the procurement of 2 sport halls while the others were conducted either by traditional or other types of procurement. This paper will provide an insight in a case study of PFI/PPP project, sport hall in the town Split in Croatia. Through this case study, the main reasons, benefits and obstacles for application of PFI model will be emphasised and discussed. Aim of this paper is to show how a Public side through structured PFI model can also benefit from giving the Private sector opportunity to maximise the commercial strength of the project using their know - how and taking the risks involved with this commercial aspects of project. Paper will also demonstrate added values which might be considered when deciding whether to procure project traditionally or using PFI/PPP models.

Public Private Partnership; Private Finance Initiative; Procurement; added values; Commercial activities; Risks allocation

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