AUTOMATED WEB- BASE PUBLIC PRIVATE PARTNERSHIP

ABSTRACT

Public private partnership (PPPs) is a form of cooperation between the public and private sectors. Its goals are to finance, build (reconstruction), operation and maintenance of the infrastructure and to provide public service through the infrastructure. Within the PPPs entities of public sector are partner and customers of the private sector from which the purchase services. In principle the private partner finances, builds, and operate the infrastructure and is enabled to provide respective service compensated by payment from the end-user (concession) or from the public partner. The substantial attribute of public private partnerships is the sharing of risks relating to build and operation of the infrastructure between the private and public partner and a long time contract.
Regarding the fact that public private partnership projects are robust and have a significant impact on the public administration budget. The ministry of finance regulates their preparation and facilitates public authorities to prepare their public private partnership projects according to their best international practice.