THE QUALITY OF PUBLIC INFRASTRUCTURAL INVESTMENTS AND PUBLIC-PRIVATE PARTNERSHIP
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DOI:
https://doi.org/10.15637/jlecon.196Keywords:
Public Infrastructure, Public Private PartnershipsAbstract
In this article it is aimed at to analyze public private partnership (PPP) as being widely used method of implementing public infrastructural investments in recent years by using World Bank data. Basic conditions of PPP are appropriate choice of contracting company, optimum sharing of the investment risk among government and contractor and low cost liability charged on public budget. According to World Bank data greatest amount of PPP investment has been made in the field of communication. Electricity takes second place and highways come third. Turkey as being third among country rankings, biggest portion of PPP investments made in the field of electricity. Turkey faces complications of PPP due to the weak legislative framework, non-transparent contingent liabilities of the government and contracts made subject to private law rules and introducing build – lease - transfer model in health care services unique to Turkish practice.
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