EMPLOYMENT OF PPP AS AN INNOVATIVE APPROACH TO IMPLEMENTATION OF TRANSPORT INFRASTRUCTURE PROJECTS IN THE CZECH REPUBLIC
EMPLOYMENT OF PPP AS AN INNOVATIVE APPROACH TO IMPLEMENTATION OF TRANSPORT INFRASTRUCTURE PROJECTS IN THE CZECH REPUBLIC

Author(s): Barbora Antonová, Tomáš Kučera, Klára Lustigová, Jaroslava Hyršlová, Ivo Drahotský
Subject(s): Social Sciences, Economy
Published by: Vysoká škola ekonomická v Praze
Keywords: public-private partnerships; transport infrastructure; infrastructure project; funding
Summary/Abstract: The member states of the European Union (EU) and EU institutions have increasingly used public-private partnerships (PPP) to accelerate infrastructure development. Based on the experience from other countries, PPP is considered an effective means to achieve a higher appreciation of funds invested in various types of projects. The experience of other countries confirms the advantages of using PPP for operational efficiency, innovative technological and management skills, and the more active involvement of private players in public services. This paper summarizes the trends in the use of PPP in projects within the EU and discusses options for implementation of PPP projects in the Czech Republic.

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