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The Public-Private Partnership As A Tool For Implementing Local Development Projects

Author

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  • Marilena Bogheanu

    (University of Craiova Faculty of Economics and Business Administration)

Abstract

An essential problem for the current investment processes in Romania is to identify mechanisms and funding sources for public works and public services. A solution for such investments financing is the public-private partnership tool, providing the basis for certain investments, and also for the outsourcing of public services. The use of this managerial tool offers varied benefits: PPP enables public authorities to undertake projects that they cannot implement on their own expenses and also simplifies the management of public properties. Based on the legislation applicable in Romania and the European experience in the PPP field, this paper proposes the improvement of Romanian legal provisions on PPP and also its enforcement by local authorities as beneficiaries of such projects in an unitary strategic planning framework. The research was based on the analysis of the current situation and also on two case studies in the field of urban rehabilitation and leisure tourism. The result is the proposal to include a special section dedicated to PPP projects in a strategic planning framework for community development at local, county and regional level.

Suggested Citation

  • Marilena Bogheanu, 2013. "The Public-Private Partnership As A Tool For Implementing Local Development Projects," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(41), pages 174-185.
    • Handle: RePEc:aio:aucsse:v:1:y:2013:i:41:p:174-185
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    File URL: http://feaa.ucv.ro/AUCSSE/0041v1-027.pdf
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    More about this item

    Keywords

    PPP; projects; public services; local development; infrastructure; tourism; urban development;
    All these keywords.

    JEL classification:

    • H00 - Public Economics - - General - - - General
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General

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