Public – Private Partnership
Public-Private Partnership (PPP) is a form of business cooperation gaining popularity. In Poland where public activity is limited by low public funds this topic is especially valid and noteworthy. The rules of cooperation between a public institution and a business entity are defined by the act on public and private partnership dated December 19th 2008. Following its provisions the objective of a public-private partnership is mutual cooperation, with tasks and risks distribution between the public and private partner, towards fulfilment of a public objective and providing for construction, management, financing and maintenance of infrastructure used for offering a given service which fulfils a public need. Benefits of PPP over a traditional model of cooperation:
- involvement of private sector resources to carry out public tasks,
- private sector experience engagement in realization of tangible investments,
- project risk distribution,
- high quality of services secured by a PPP contract,
- synergy effect.
We offer extensive expertise on PPP at each project stage for both public and private partners.