The Management of Public-Private Partnership Projects in the Romanian Infrastructure and Its Role in the Context of the Economic Crisis Cover Image

The Management of Public-Private Partnership Projects in the Romanian Infrastructure and Its Role in the Context of the Economic Crisis
The Management of Public-Private Partnership Projects in the Romanian Infrastructure and Its Role in the Context of the Economic Crisis

Author(s): Doru Cristian Coretchi
Subject(s): National Economy, Business Economy / Management, Public Administration, Economic policy, Economic development
Published by: EDITURA ASE
Keywords: Public-Private Partnership; stakeholder; economic performance; private finance; infrastructure;

Summary/Abstract: The infrastructure projects in Public-Private Partnerships have a great potential in the Romanian economy, as the need of investments in this sector, motivated by the poor quality of the infrastructure, is extremely high. In the context of limited and insufficient budget resources, the private financing of these projects by the mechanism of Public Private Partnership is a real opportunity and a challenge for the involved organizations. In this context, the correct understanding of the PPP concept, both in the public and private sector, becomes a key factor for the successful implementation of this solution on the market. Switching the approach from « input » to « output » represents the switch from the traditional public procurement to project development with complete solutions. The success of these projects of high complexity depends on understanding the concept and different organizational models, as the optimization of the development process under economic performance is conditioned by the implementation of a model that fits the project’s needs.

  • Issue Year: 10/2009
  • Issue No: S2
  • Page Range: 1010-1016
  • Page Count: 7
  • Language: English