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Mobilising Public and Private Investment by Developing Public Private Partnership Projects

Author

Listed:
  • Gherman Monica-Gabriela

    (Economy I, Academy of Economic Studies Bucharest)

  • Babonea Alina-Mihaela

    (Economy I, Academy of Economic Studies Bucharest)

Abstract

The economic crisis has a negative impact on public finances and projects that require long-term investment so the main consequence is that the access to finance for the implementation of PPPs and not only to this kind of investment projects has been limited due to the following factors: increasing the cost of credit, reducing maturities and lack of funding at the beginning of the procurement process. For this reason, it is essential to exist cooperative ventures between public autorities and private investors that could have a positive impact on the economy by contributing to economic growth and job creation through delivering infrastructure projects, providing public services and financing innovation. Exploiting the efficiency and innovative potential of a competitve private sector will definitely ensure better value for money for the infrastructure projects implemented, that often involve important financial resources, expertise and skills in the public sector, complex financial arrangements and a longterm commitment from the authorities.

Suggested Citation

  • Gherman Monica-Gabriela & Babonea Alina-Mihaela, 2014. "Mobilising Public and Private Investment by Developing Public Private Partnership Projects," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 317-321, May.
    • Handle: RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:317-321
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    More about this item

    Keywords

    Public Private Partnership; investment; development; infrastructure; risk;
    All these keywords.

    JEL classification:

    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • J18 - Labor and Demographic Economics - - Demographic Economics - - - Public Policy
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out

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