Naslov
BLENDING ALTERNATIVE PROCURMENT MODELS AND EUROPEAN FUNDS IN PROVIDING ENERGY PERFORMANCE INFRASTRUCUTURE PROJECTS. CASE STUDY SIMULATION

Autori
Rogić Lugarić, Tereza ; Bogovac, Jasna ; Dodig Domagoj

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, neobjavljeni rad, znanstveni

Skup
Public Sector Economics 2017 - Public Investment: Catalyst for Sustainable Growth

Mjesto i datum
Zagreb, Hrvatska, 03.11.2017

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
Public infrastructure, Public procurement, Funding, Energy performance contracts, Energy efficiency, Private sector participation, Public-private partnership, ESCO

Sažetak
Over the past few decades, many countries due to the high public sector debt and budget deficit were looking for alternative procurement models in providing public sector energy efficiency projects. Usually, these energy performance contracts (EPC) are traditionally procured and provided by the public sector - such as street lightening, reconstruction of the public buildings, water saving projects, central district heating, etc. These models may involve different levels of private sector participation in providing public service: from traditional construction contracts, BOT (built-operate-transfer) models, BOO (build-own-operate) models, BOOM (build- own-operate-maintenance) models, DBFMO (design- build-finance-maintenance-operate) models, up to fully privatization models. On the other hand, availability of different sources of funding (government financing, loans, guarantees, grants and other financial instruments) was available due to the support from different stakeholders, such Government agencies, European fund for strategic investment, European social infrastructure fund, Financial institutions, etc. While the majority of EU funding sources will be realized in more traditional, purely grant- funded procurement models, new Investment plan for Europe (so called “Juncker plan”) for the programming period 2014-2020 is focusing to support more private sector involvement in infrastructure investments, energy performance projects, research and innovation initiatives, etc. Since the fundamental purpose of investing in infrastructure is - investing in providing public services, involvement of the private sector is only possible by combining alternative procurement models with different sources of funding. The main objective of this paper is to analyze Croatian legal and institutional framework in implementation new Investment plan for Europe – with the main focus on energy efficiency projects by applying the methodology of theoretical legal analysis. Also, the main obstacles will be identified in implementation by applying questionnaire survey methodology, as well as case study simulation of blending different procurement models, such as Traditional procurement, ESCO (energy service company) models, Public-private partnerships, etc., with different sources of funding available in Republic of Croatia as well as in other EU member states. The analysis will include its application in measuring and evaluation the efficiency of private sector participation by applying the econometric analysis and descriptive statistic data. The results of the analysis will show possible procurement models for providing EPC projects in providing public infrastructure services with its main advantages and disadvantages, as well as proposed models for maximizing value for money with different sources of funding in EU context. Also the paper will show the main obstacles in Croatian legal framework, as well as recommendation for its improvements. Finally, case study simulation will show the relevance of proposed model for the main purpose of mitigation projects risks in the implementation phase.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija, Pravo, Interdisciplinarne društvene znanosti

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