engleski

Entrepreneurship and public-private partnership: is scarity of budgetary resources real problem in Croatian urban development?

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 projects that cover a wide spectre of different infrastructure project. Experiences from numerous countries show that it is possible to overcome scarcity of resources by involving the private sector (more precisely, its knowledge, skills, capital and material resources) in partnerships with the public sector, where the entrepreneurial spirit of the private sector will accomplish its own as well as general objectives.

Public-private partnerhip; private financial initiative; urban development; risk allocation

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