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Public-Private Partnerships in Slovenia: Reverse Financial Innovations Enhancing the Public Role

In: Innovations in Financing Public Services

Author

Listed:
  • Nevenka Hrovatin

Abstract

Public-Private Partnership (PPP) is a broad term which covers a comprehensive range of private involvement in the provision of public services or services of general social interest, and involves quite a wide range of cooperation between the public and private sectors. In the broadest sense, it pertains also to privatisation, although in fact in the view of experts in the field this is a misconception, since the private sector does not buy an asset, but rather ‘purchases a stream of services under specified conditions’ (Grimsey and Lewis 2004, 6). This may also include private financing of public infrastructure, although the emphasis is on the private provision of services which may, of course, also involve construction. Participation of a private party in the project design, construction and management of project delivery and the collection of financial streams (including risk bearing) is a distinctive feature of PPP versus the traditional procurement type of contractual agreements.

Suggested Citation

  • Nevenka Hrovatin, 2010. "Public-Private Partnerships in Slovenia: Reverse Financial Innovations Enhancing the Public Role," Palgrave Macmillan Books, in: Stephen J. Bailey & Pekka Valkama & Ari-Veikko Anttiroiko (ed.), Innovations in Financing Public Services, chapter 5, pages 87-113, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-28206-3_5
    DOI: 10.1057/9780230282063_5
    as

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