THE ECONOMY OF PUBLIC-PRIVATE PARTNERSHIPS: LEARNING FROM INTERNATIONAL EXPERIENCE.

Many European countries have used the investment model of Public Private Partnership (PPP, P3 or P3) to implement large-scale infrastructure projects and to accelerate development, but Romania has little experience with such type of projects, although there is a strong economic reason for implementing infrastructure investments, because it can easily be seen the need for investments in this field. This paper is determining the literature review on PPPs, how the regulations of the member states of the European Union is implemented by dedicated PPP units at the national level and, finally, presents the techniques and processes of the contract management. Financing Public Private Partnerships cannot ignore the international economic and financial context. As it could be seen in this paper, the data on PPP market shows that the crisis had a negative impact on their development and implementation at the level of the EU Member States. EU has been promoting PPPs as an important instrument of accomplishing the goals of Europe 2020 strategy. In Romania, the interest in PPPs must be encouraged and the knowledge in this field could increase the administrative capacity of the country. [ABSTRACT FROM AUTHOR]