Managing Public ? Private Partnership Market in the Times of Economic crisis
DOI:
https://doi.org/10.12775/OeC.2014.014Keywords:
public-private partnership, public services, crisis, financial institutions, public financeAbstract
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.
Downloads
References
Brzozowska K. (2010), Partnerstwo publiczno-prywatne w Europie, CeDeWu, Warszawa.
CEE Bankwatch Network (2008), Never mind the balance sheet. The dangers posed by public private partnerships in central and eastern Europe, http://bankwatch.org/documents/never_mind_the_balance_sheet.pdf (November 2008).
EPEC (2012), Financing PPP with project bonds. Issues for public procuring authorities, http://www.eib.org/attachments/thematic/epec_financing_ppps_wi th_project_bonds_en.pdf (October 2012).
European Commission (2003), Guidelines for successful public-private partnerships, EC(2003),
Moszoro M. (2010), Partnerstwo publiczno-prywatne w sferze użyteczności publicznej, Oficyna Wolters Kluwer business, Warszawa.
Płonka-Bielenin K., Moll T. (2012), Partnerstwo publiczno-prywatne. Komentarz do ustawy o partnerstwie publiczno-prywatnym, Difin, Warszawa.
Rytel M. (2009), PPP ? metoda zamówienia publicznego czy sposób finansowania [in:] Partnerstwo publiczno-prywatne w praktyce. Przemyśl, przygotuj, przeprowadź, Wydawnictwo C.H. Beck, Warszawa.
Yescombe E.R. (2008), Partnerstwo publiczno-prywatne. Zasady wdrażania i finansowania, Oficyna Wolters Kluwer business, Kraków.
