PUBLIC-PRIVATE PARTNERSHIP A NEW ROLE OF PUBLIC INVESTMENTS

Abstract

This paper analyses the reform of the traditional role of
public sector, the acceptance of new public management, and the
implementation of the PPP model in the public investments financing.
The gap between the need to build new public infrastructure and
limited budget capacities requires a new role of the public sector, a
new approach and new strategies. In the context of fiscal constraints,
Public-Private Partnership (PPP) ensures more efficient
implementation of public investments - faster construction, lower
costs, optimal risk allocation, more efficient management, better
public service, etc. Based on the study of new public administration
models, the aim of this paper is to point to the possibility of applying the Public-Private Partnership model and to identify the new role of
the public sector in the provision of public services and the provision
of public infrastructure. This paper presents a study on the adoption
and application of the model of Public-Private Partnerships in the
Republic of Serbia and the Republic of Croatia.