Theoretical Aspects of the Implementation of Public-Private Partnership

Abstract

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