The Base Methodology To Safe Implementation Of Public Private Partnership On The Emerging Market Of The South East Europe
The Base Methodology To Safe Implementation Of Public Private Partnership On The Emerging Market Of The South East Europe
Author(s): Izet BajrambašićSubject(s): Economy
Published by: Akademija Nauka i Umjetnosti Bosne i Hercegovine
Keywords: Project financing; Developer; Circular cooperation
Summary/Abstract: The market of the South East Europe (SEE) is recognized as emerging market of the transition countries which needs priority investment in different infrastructure projects for sustainable development. Infrastructure of a country is understood as the fundamental service foundation of economy, society and overall development. It is very well known that adequate services are necessary for the development of the economy, including transport, electric power, telecommunications, water supply etc. The transition countries are financially constrained and they have big problems in financing infrastructure projects, especially during the global financial crisis. These projects are generally characterised by high development and maintenance costs, and historically it was seen as the role of the government to fund and manage these assets. A way to fund and manage these assets in this challenging environment is via Public Private Partnership (PPP). Financing and development of infrastructure on the base of PPP means introducing the private sector in financing and management of public services and physical infrastructure.
Journal: Posebna izdanja Akademije nauka i umjetnosti BiH
- Issue Year: 2013
- Issue No: 1
- Page Range: 427-436
- Page Count: 10
- Language: English