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Public-Private Partnerships in Slovenia: Reverse Financial Innovations Enhancing the Public Role

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Innovations in Financing Public Services

Abstract

Public-Private Partnership (PPP) is a broad term which covers a comprehensive range of private involvement in the provision of public services or services of general social interest, and involves quite a wide range of cooperation between the public and private sectors. In the broadest sense, it pertains also to privatisation, although in fact in the view of experts in the field this is a misconception, since the private sector does not buy an asset, but rather ‘purchases a stream of services under specified conditions’ (Grimsey and Lewis 2004, 6). This may also include private financing of public infrastructure, although the emphasis is on the private provision of services which may, of course, also involve construction. Participation of a private party in the project design, construction and management of project delivery and the collection of financial streams (including risk bearing) is a distinctive feature of PPP versus the traditional procurement type of contractual agreements.

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Authors
  1. Nevenka Hrovatin
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Editor information

Editors and Affiliations

  1. Glasgow Caledonian University, UK

    Stephen J. Bailey (Professor of Public Sector Economics) (Professor of Public Sector Economics)

  2. University of Tampere, Finland

    Pekka Valkama (Head of Research and Adjunct Professor) (Head of Research and Adjunct Professor)

  3. University of Turku, Finland

    Pekka Valkama (Head of Research and Adjunct Professor) (Head of Research and Adjunct Professor)

  4. Department of Regional Studies, University of Tampere, Finland

    Ari-Veikko Anttiroiko (Adjunct Professor) (Adjunct Professor)

Copyright information

© 2010 Nevenka Hrovatin

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Hrovatin, N. (2010). Public-Private Partnerships in Slovenia: Reverse Financial Innovations Enhancing the Public Role. In: Bailey, S.J., Valkama, P., Anttiroiko, AV. (eds) Innovations in Financing Public Services. Palgrave Macmillan, London. https://doi.org/10.1057/9780230282063_5

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