Munich Personal RePEc Archive

Public private partnership - a way of overcoming the budget process investment restrictions in european transport infrastructure

Cernaianu, Nicolae and Achim, Marian Lucian (2010): Public private partnership - a way of overcoming the budget process investment restrictions in european transport infrastructure.

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Abstract

One of the ways to overcome, to some extent, the budgetary restrictions on the state's financial resources for investment in transport infrastructure is a public-private partnership. Thus, we considered it useful to express our own opinions as well as reiterating the presentation of world and European experiences by experts in the field of benefits and risks of public-private partnership, and the study which useful lessons can be drawn. We are not just for copying or taking of these experiences, due to the concrete conditions of each country, but certain aspects can be adapted creatively. Consequences of non-critical acquisition strategies developed by others in other circumstances can sometimes have unforeseen negative impacts. International comparisons are useful when account is taken with caution due to both their parts, namely comparisons over time and space comparisons. Some items may be useful but that some countries have common objectives with other countries, especially those related to European integration, and that certain processes may be concurrent in two different countries.

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