Partnerstwo publiczno-prywatne – uwarunkowania rozwoju
Public-private partnerships: economic conditions of development

Summary/Abstract: Public-private partnership (PPP) is one of the models of financing public investment. It is a form of cooperation of the public and private sectors in the implementation of projects, which until recently was exclusively the domain of public authorities. PPP should result in lower costs of projects and higher quality of services in comparison to those funded solely from public resources. This form of cooperation helps to fill the gap between investment needs and financial possibilities of public budgets. The European Commission has supported PPP as a form of investment for several years already, and highlights its importance especially for the countries of Central Europe. However, if success in practical implementation of PPP is to be achieved, appropriate conditions must be created. This paper aims to identify the determinants of PPP and the characteristics of its development in the EU. Analysis of the literature has made it possible to determine the critical factors of successful PPP and classify them into four groups: economic and financial, political and legal, technical, and social. The examination of the development of the partnership in the EU confirms that economic factors such as stable macroeconomic conditions, economic and political support of the government, availability of financing, and the resulting economic policy of the state's legal system, may intensify the implementation of PPP projects in various areas of public activity.

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