scholarly journals Managing Public – Private Partnership Market in the Times of Economic crisis

2014 ◽  
Vol 5 (2) ◽  
pp. 63-74 ◽  
Author(s):  
Joanna K Krześ-Dobieszewska
Keyword(s):  
Economic Crisis ◽  
Financial Institution ◽  
Public Private Partnership ◽  
Point Of View ◽  
The European Union ◽  
Private Partnership ◽  
The Public ◽  
The Times ◽  
Universal Nature

The article focuses on the issues and problems caused by the economic crisis of 2008 for public-private partnership (PPP). The challenges faced are presented from the point of view of a public entity, a private partner and a financial institution, as well as the relationships between these parties and the influence of economic issues on these relations. The most crucial of these challenges seems to be: the pressure on public finance and growing difficulties in financing the public infrastructural investments, the rise of the economic risk of investments and the necessity of sufficient and appropriate transfer and management of risk, and finally – the lack of interest of financial institutions to finance long-term liabilities. The aim of the author is to provide a precise description and diagnosis of the issues mentioned above, which might improve the strategic management of PPP market as well as management of projects. The article is based on experience, documents and working papers concerning the countries and markets of the European Union but the presented conclusions should be of more universal nature.

The European Union Space Policy

2017 ◽  
Author(s):  
Emmanuel Sigalas
Keyword(s):  
European Union ◽  
European Integration ◽  
Outer Space ◽  
Public Private Partnership ◽  
Space Policy ◽  
The European Union ◽  
Private Partnership ◽  
The Public ◽  
Space Programs ◽  
The Eu

The European Union Space Policy (EUSP) is one of the lesser known and, consequently, little understood policies of the European Union (EU). Although the EU added outer space as one of its competences in 2009 with the ratification of the Lisbon Treaty, the EUSP roots go back decades earlier.Officially at least, there is no EUSP as such, but rather a European Space Policy (ESP). The ESP combines in principle space programs and competences that cut across three levels of governance: the supranational (EU), the international (intergovernmental), and the national. However, since the EU acquired treaty competences on outer space, it is clear that a nascent EUSP has emerged, even if no one yet dares calling it by its name.Currently, three EU space programs stand out: Galileo, Copernicus, and EGNOS. Galileo is probably the better known and more controversial of the three. Meant to secure European independence from the U.S. global positioning system by putting in orbit a constellation of European satellites, Galileo has been plagued by several problems. One of them was the collapse of the public–private partnership funding scheme in 2006, which nearly killed it. However, instead of marking the end of EUSP, the termination of the public–private partnership served as a catalyst in its favor. Furthermore, research findings indicate that the European Parliament envisioned an EUSP long before the European Commission published its first communication in this regard. This is a surprising yet highly interesting finding because it highlights the fact that in addition to the Commission or the European Court of Justice, the European Parliament is a thus far neglected policy entrepreneur. Overall, the development of the EUSP is an almost ideal case study of European integration by stealth, largely in line with the main principles of two related European integration theories: neofunctionalism and historical institutionalism.Since EUSP is a relatively new policy, the existing academic literature on this policy is also limited. This has also to do with the degree of public interest in outer space in general. Outer space’s popularity reached its heyday during the Cold War era. Today space, in Europe and in other continents, has to compete harder than ever for public attention and investment. Still, research on European space cooperation is growing, and there are reasons to be optimistic about its future.

THE EUROPEAN DIMENSION OF PUBLIC-PRIVATE PARTNERSHIP AND EXPERIENCES IN TOURISM OF THE REPUBLIC OF CROATIA

2009 ◽  
Vol 15 (1) ◽  
pp. 85-100
Author(s):  
Vinka Cetinski ◽  
Marko Perićć ◽  
Violeta Sugar
Keyword(s):  
Well Being ◽  
Public Private Partnership ◽  
Successful Implementation ◽  
The European Union ◽  
Development Education ◽  
Private Partnership ◽  
Public Marketing ◽  
The Public ◽  
Advantages And Disadvantages ◽  
The Republic

Public-private partnership (PPP) is a method for developing sustainable development that has been proven worldwide and endorsed in practice, and its ultimate aim is to increase the overall well-being of society. In a variety of ways, it brings together the interests of the public, private and civil sector in meeting specific needs for augmenting the quality and/or availability of services and products The European Union (UN) has not always supported the co-financing of projects devised as PPP. Recently, however, it has begun to encourage a wider application of this form of financing that demonstrates a huge potential in accomplishing public services, that is, projects intended for the public. Marketing and promotion, product development, education, financing and investment, and environmental protection are but some of the areas of public-private collaboration in tourism in a global setting. The purpose of this paper is to provide an outline of world experience and practice in PPP with emphasis on the EU, so that Croatia, by taking under consideration these experiences, advantages and disadvantages, may define an appropriate legal and business framework and identify the criteria for the successful implementation of PPP in its economy, and in particular, in tourism, one of its highest-growth industries.

Analysis of the Formation Path of the Residual Value Risk in Public Private Partnership Projects Based on SEM Method

2014 ◽  
Vol 1079-1080 ◽  
pp. 1126-1130 ◽  
Author(s):  
Tie Lan Teng ◽  
Jing Feng Yuan ◽  
Qi Ming Li
Keyword(s):  
Structural Equation ◽  
Public Private Partnership ◽  
Equation Modeling ◽  
Residual Value ◽  
Private Partnership ◽  
The Public ◽  
Public Projects ◽  
The Government ◽  
Structured Questionnaire

Over the last 15 years, public-private partnership (PPP) has been acknowledged by many countries as an innovative approach to the procurement of public projects. In the long term of concession periods, Residual Value Risk (RVR) is a structured risk system which would happen at any time in the whole life before transfer of PPP/PFI projects, but consequently causes the Residual Value (RV) that the Government takes over cannot fulfill the specifications. So the RVR factor system was identified through the literature review and a worldwide structured questionnaire survey was conducted to analyze the significance of the identified risk factors of RVR. Furthermore, the formation path of RVR was verified based on Structural Equation Modeling (SEM). Through the proposed formation path of RVR, both the public sector and private sector can monitor the risks to help improve the implementation of PPP projects and achieve PPP project success.

scholarly journals Main aspects of interaction of government and the entrepreneurial sector in project management

2021 ◽  
Vol 12 (2) ◽  
pp. 84-91
Author(s):  
Igor O. Sedykh ◽  
Sergey N. Yashin ◽  
Ekaterina N. Lapshina
Keyword(s):  
Project Management ◽  
Development Strategy ◽  
Public Private Partnership ◽  
The State ◽  
Business And Society ◽  
Public Authorities ◽  
Private Partnership ◽  
The Public ◽  
Successful Establishment

The interaction of state and entrepreneurs in a modern economy is a necessary measure for the effective implementation of the activities of both parties. This article explores some of the mechanisms of interaction between government bodies and the business sector of the economy in terms of project activities and project management. Public-private partnership issues are increasingly being discussed in the world political arena as an effective mechanism for interaction between the state and business. The need for effective communications in the chain power-business-society is emphasized by many authors. Communication between the public and commercial sectors is a process that reflects the levers and methods they use to mutually influence and promote their interests. The partnership between government, business and society is closely correlated with the successful functioning of the commercial sector and public administration, which is expressed in the successful establishment of the processes of socio-economic development of the state. The successful functioning of public-private partnership is one of the indicators of the correct implementation of the mechanism for supporting entrepreneurship by public authorities, and also reflects the level of development of the state in general and its subjects, in particular. The development of public-private partnerships plays an important role in building a long-term development strategy for the regions of the Russian Federation.

scholarly journals Private Partnership as a Global Trend of Digital Government

2019 ◽  
Vol 71 ◽  
pp. 01004
Author(s):  
E.L. Sidorenko ◽  
Z.I. Khisamova
Keyword(s):  
Public Services ◽  
Public Private Partnership ◽  
Capital Investments ◽  
Digital Government ◽  
Private Partnership ◽  
The Public ◽  
Innovative Methods ◽  
Global Trend ◽  
State Projects

Currently, the concept of creating a digital government is firmly entrenched in the long-term development strategies of most countries of the world. However, the implementation of digital state projects requires capital investments to ensure the operation and maintenance of systems and technologies in a sustainable manner. Faced with excessive financial constraints, the governments of most countries were not able to fully provide open financial support for digital projects. In the context of budgetary savings and demand for improving the quality of public services, the search for innovative methods of financing projects has gained particular importance. This led to a steady global trend of public-private partnership in the provision of digital public services to the population. The purpose of this study was to identify the main trends in digitalization of the public administration system based on public-private partnerships, as well as to reveal the features and effectiveness of the implemented models. This study reveals the features of public-private partnership mechanisms, identifies the risks of such interaction, and presents examples of successful global practices to minimize these risks.

scholarly journals Digital Transformation of Public-Private Partnership Tools

2021 ◽  
Vol 14 (3) ◽  
pp. 121
Author(s):  
Lyudmila Tolstolesova ◽  
Igor Glukhikh ◽  
Natalya Yumanova ◽  
Otabek Arzikulov
Keyword(s):  
Public Private Partnership ◽  
Digital Transformation ◽  
Digital Tools ◽  
Infrastructure Projects ◽  
Public And Private ◽  
Private Partnership ◽  
Digital Platforms ◽  
The Public ◽  
Advantages And Disadvantages

The need for modern infrastructure as a prerequisite for sustainable development, poverty alleviation, and improvement of the quality of life of the population is a global problem that requires searching for and attracting large amounts of long-term investments. The presence of this problem in recent decades has led to the increasing implementation of complex and costly infrastructure projects through the public-private partnership (PPP) mechanism with high potential for attracting investment. This mechanism, in conditions of limited financial opportunities, allows one to combine the financial resources of the public and private parties for the implementation of major infrastructure projects. The limited use of existing tools at different stages of PPP projects and the increasing need for additional resources make it necessary to consider the possibility of using digital tools that complement traditional ones. For this purpose, the authors analyze existing financing tools, revealing their advantages and disadvantages, and identify and justify the possibility of using digital tools in the implementation of PPP projects. However, digitalization includes not only financing tools but also the development of infrastructure, including digital platforms needed to conduct such operations in the digital environment. As a result, a combined financing toolkit can be formed for each phase of project realization, including traditional and digital tools. The results of this study will become a basis for revealing the directions of the digital transformation of the PPP mechanism.

METHODICAL APPROACH TO THE FORMATION OF THE PUBLIC-PRIVATE PARTNERSHIP FINANCIAL POTENTIAL

2017 ◽  
Vol 2 (3(11)) ◽  
pp. 124-130
Author(s):  
Viktoriia Fedorivna Tyschenko ◽  
◽  
Fedir Andriiovych Shigol ◽  
Viktoriia Mykolayivna Ostapenko ◽  
◽  
...  
Keyword(s):  
Public Private Partnership ◽  
Private Partnership ◽  
The Public ◽  
Methodical Approach

THE МEANING OF PUBLIC-PRIVATE PARTNERSHIP FOR DEVELOPMENT OF LOCAL SELF-GOVERNMENT

2018 ◽  
Vol 28 (1) ◽  
pp. 351-356
Author(s):  
Sandra Risteska
Keyword(s):  
European Union ◽  
Economic Development ◽  
Rapid Development ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
Successful Implementation ◽  
Economic Policies ◽  
The European Union ◽  
Private Partnership ◽  
Public And Private Sector

Each country strives for growing economic development, but no country is able to implement it. Various experiences and projects from the countries of the European Union and other neighboring countries are taken and considered. Towards the end of the 20th century and at the beginning of the 21st century, economic movements are increasingly relying on public-private partnerships, which can lead to a rapid development process through the financing of infrastructure projects. Economic globalization, as well as the emergence of new opportunities for economic activity in the world, are aimed at cooperation of the authorities and businesses in the realization of the socio-economic policies. The implementation and realization of development projects through public-private partnerships is impossible without participation by the relevant institutions of the public and private sector. Above all, direct participation implies expertise, experience and education. Every project that will be realized through various forms of public-private partnership must fulfill certain conditions. Among the conditions for proper implementation of the project are: dialogue, transparency and monitoring. The main feature of PPP is the transfer of the risk to the financing, efficiency and quality of public services, which are usually the burden of the private partner. This paper analyzes and explores the essence of public-private partnership. The conceptual framework for public-private partnership, as well as its strengths and weaknesses, is set. With the application of PPP, the economic development of the infrastructure as a whole, and in particular the development of local infrastructure, is analyzed. The origin of PPPs, its characteristics, as well as the need and importance for their continuous implementation are explained. The application of PPP is considered through the experiences in certain countries of the European Union and the Republic of Macedonia. Then, the responses to previously hypothesized hypotheses are collected: what is the successful implementation of PPP, what is needed for PPPs and why. In the end, the data from the conducted research are collected, analyzed and determined the profile of certain activities, as well as the possible decisions for further strategies for the implementation of the PPPs.

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