OPPORTUNITIES FOR ECONOMIC DEVELOPMENT OF BULGARIA THROUGH PUBLIC PRIVATE PARTNERSHIP

Abstract

The paper discusses the development of public-private partnership as necessary and required form of cooperation between public authorities and private sector. The positive and negative aspects of the public-private partnership for the development of Bulgaria will be determined. An analysis will identify the opportunities and threats of public-private partnership development by attracting funds from private partners/investors. The financing through public-private partnership allows the implementation of holistic approach to design, financing, construction and operation, emphasizing on the invested from it funds in the whole project cycle. This type of financing publicly-state owned projects allows using private resources in infrastructure project realization. This results in most cases in following the pre-set budget and timeframes for project construction. The capacity and experience of the private partner, which can be used in infrastructure project realization, are of crucial importance for the financial sustainability and development of the project.