engleski

PUBLIC AND PRIVATE SECTOR PARTNERSHIP – EXIT OPPORTUNITY FROM THE GLOBAL CRISIS?

Public-private partnership (PPP) is a worldwide proven and in practice endorsed method for achievement of sustainable development. The ultimate aim of such a partnership is to increase the overall well-being of society. In a variety of ways, it brings together the interests of the public, private and civil sector in meeting specific needs for augmenting the quality and/or availability of services and products. The European Union (EU) has not always supported the co-financing of projects devised as PPP. In 2003 European Commission, through Directorate General for Regional Policy, published Guidelines for Successful Public-private partnership and in 2004 "Green paper on public-private partnerships and Community law on public contracts and concessions". European Union encourages a wider application of this form of financing that demonstrates a huge potential in accomplishing public services, that is, projects intended for the public. Croatia has just begun with implementation of PPP projects as they are seen as capable of ensuring faster construction and better management of business facilities that would have a number of positive effects on the economy in general. The purpose of this paper is to examine how the global financial and economic crisis during the past two years has affected the cooperation of public and private sectors and the implementation of PPP projects. The approach used implies comparison between the number of contracted partnership projects in the EU and Croatia before and during the global crisis and analysis of economic conditions in the countries of the EU and Croatia. As the results of the research, conclusion whether global crisis has accelerated or stopped the implementation of PPP projects will be drawn. Also, some suggestions that will facilitate and accelerate the implementation of PPP projects and possible exit from the global crisis will be proposed.

public-private partnership; global crisis; exit from the global crisis

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