Development of Public and Private Sector Cooperation in the Implementation of Investment Projects

Abstract

Public-private partnership (PPP) is a form of mutual cooperation between the public and private sectors for the purpose of solving large-scale socio-economic problems based on adequate and fair distribution of responsibility (risk) and benefits. Through public-private private business entities, it is possible to implement non-delayed investment projects of social importance with the prospect of obtaining a high-quality object on time and without large one-time costs from the budget. Consequently, the state increases the volume of production of goods and services, saves budget funds, chooses the most effective way to provide consumers, implements projects that cannot be managed without private investment.