Characteristics of Public-Private Partnership
A public-private partnership is a contractual medium- and long-term relationship between the state and a private investor with clearly defined obligations and project implementation parameters fixed in the agreement.
Necessarily:
- The subject of the partnership is attraction of investments in the creation or reconstruction of infrastructure facilities.
- A private partner creates an object and carries out its operation and/or maintenance.
- A private partner fully or partially finances the creation of the object of the agreement.
- Long-term type of partnership (more than 3 years).
Unnecessarily:
- The ownership of the object is held by a private partner.
- А private partner carries out the design of the object of the agreement.
- The public partner provides partial financing for the creation, maintenance and operation.