engleski

Comparison of budget and PPP model in financing public structures in post-transition environment

The main goal of this paper was to compare the application of a budget and a PPP model in financing public standard structures in post- transition environment. The analysis was conducted on education and sports facilities by applying the multiple-case study. The research and analysis of numerous public construction projects which were carried out in transition and post-transition social circumstances has shown the occurrence of characteristic risks. The trend in the Republic of Croatia indicates an even more intensive interest of the state for financing the public facilities by using the private capital. The progress and condition prognosis of future PPP projects in post- transition economies points out a possible occurrence of several of previously recognized characteristic risks. Those are risks which, although allocated on the private partner, can have a negative effect on the public partner as well.

Budget model; non-commercial public structures; post-transition society; PPP models; public developer; public projects; risks

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