Review article
INSTITUTIONALISED PUBLIC PRIVATE PARTNERSHIP
Dionis Jurić
; Pravni fakultet Sveučilišta u Rijeci, Rijeka
Abstract
An institutionalised public private partnership is a model of public private partnership based on the relationship between a public and a private partner aimed at establishing a joint undertaking. The institutionalised public private partnership is also established when the private partner acquires shares in the nominal capital of the existing company whose only member is the public partner. To establish the institutionalised public private partnership has its advantages, for example, the public partner has a possibility to maintain a direct control over realisation and implementation of a public private partnership project when participates in work of the bodies of the joint undertaking. In that way the public partner gains experience in realisation of public private partnership projects. The Croatian Act on Public Private Partnership prescribes a complex procedure to propose, approve and implement the public private partnership project with important role of the Agency for Public Private Partnerships. The provisions of the Public Procurement Act are of the most significance in selection procedure of the private partner. In case of establishment of institutionalised public private partnership, the public and private partners have an obligation to conclude a partnership contract which will govern their rights and duties in the process of establishing a joint undertaking.
Keywords
institutionalised public private partnership; partnership contract; establishment of a joint undertaking
Hrčak ID:
82237
URI
Publication date:
1.4.2011.
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