Theoretical Aspects of the Implementation of Public-Private Partnership

Open Access

Abstract

The purpose of this article is to analyse theoretical aspects of the implementation of publicprivatepartnership. The article highlights the key role of the government in implementing publicprivatepartnership, which must establish an adequate system for managing the partnershipprocesses. This system must include processes such as formation of a partnership structure anddetermination of its scope, cost and risk sharing between partners, conclusion of the partnershipcontract, contract management, and phase management of the public-private partnership therealization and operation. The article highlights dysfunctions in the implementation of publicprivatepartnership, determining deviations from the objectives of the principles of efficiency,economy, transparency, accountability and equity that are applied to partnership.