Theoretical And Practical Aspects Of The Public-Private Partnership In The European Union Cover Image

Aspecte teoretico-practice privind parteneriatul public-privat
Theoretical And Practical Aspects Of The Public-Private Partnership In The European Union

Author(s): Codrina Mihaela Levai
Subject(s): Law, Constitution, Jurisprudence
Published by: Editura Universităţii George Bacovia din Bacău România
Keywords: public-private partnership; Romania; European Union

Summary/Abstract: The European Commission, that established this notion in a Green Paper on public-private partnerships (PPs) (2004), considers such a partnership “forms of cooperation between public authorities and the world of business which aim to ensure the funding, construction, renovation, management or maintenance of an infrastructure or the provision of a service”. Such cooperation involves the setting up of an entity with joint capital aiming at implementing public acquisitions or concessions. According to some researchers, the renewal of a concession contract complies with a general trend with multiple underlying causes, two of them being budgetary restrictions and the occurrence of certain financial needs in the infrastructure. Today, the public-private partnership is a notion that appears more and more often in the economic media, within international institutions, in the political rhetoric, and in political, financial and legal publications. The notion, in its various forms, is used in most marketing documents, in the offer of products and services of major auditing and consulting firms, in business banks and in international law firms. The creation and consolidation of the European Community accelerates this phenomenon not only by enhancing the budget constraints of Member States but also by increasing their needs to build a common market, mainly where investments in the infrastructure of the transport is concerned. The liberalisation of public services, initiated at European level, encourages the development of public-private partnerships.

  • Issue Year: I/2012
  • Issue No: 1
  • Page Range: 232-249
  • Page Count: 18
  • Language: English
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