CONTEMPORARY FINANCING MODELS OF INFRASTRUCTURAL PROJECTS WITH PARTICULAR REFERENCE TO PUBLIC PRIVATE PARTNERSHIP IN MACEDONIA

Risteska, Fanka and Spaseska, Tatjana and Risteska, Aneta and Odzaklieska, Dragica (2018) CONTEMPORARY FINANCING MODELS OF INFRASTRUCTURAL PROJECTS WITH PARTICULAR REFERENCE TO PUBLIC PRIVATE PARTNERSHIP IN MACEDONIA. Peta internacionalna naučna konferencija “Ekonomija integracija” – ICEI 2017. pp. 713-725. ISSN 2233-0445

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Abstract

One of the necessary assumptions for promoting the economic growth of a country is the existence of developed infrastructure. However, taking into account the limited funds allocated for infrastructure projects on one hand, and permanent rising needs of the population on the other hand, imposes the need to find alternative ways to finance infrastructure development and providing better public services. One of the alternative ways to finance infrastructure projects for more efficient and superior fulfillment of public services as well as promoting the local economic development is the introduction of forms of public-private partnership between local government and private sector entities. Public-private partnership suppose including legal and natural entities in performing activities of public interest of local importance on the basis of an agreement concluded in accordance with the law, under which terms public and private sector entities keep their resources for more efficient and superior supply of certain public services. In addition the private sector engages its own resources, knowledge and skills, in order to provide certain goods and services otherwise provided by the public sector. Taking into account the positive aspects of this method of financing the infrastructural projects, the research objective in this paper is considering the current situation, and the opportunities and prospects for its use in Republic of Macedonia. For gaining the aim a survey was conducted and the data were analyzed with many statistical tools. Considering the results of the survey in the conclusion are proposed many recommendations and measures to stimulate this type of funding.

Item Type: Article
Subjects: Scientific Fields (Frascati) > Social Sciences > Economics and Business
Divisions: Faculty of Economics
Depositing User: Mr Dimitar Risteski
Date Deposited: 03 Mar 2020 12:08
Last Modified: 03 Mar 2020 12:08
URI: http://eprints.uklo.edu.mk/id/eprint/3772

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