ANALYSIS OF PUBLIC-PRIVATE PARTNERSHIPS IN THE MARITIME TRANSPORT SECTOR

Abstract

Unlike the traditional method in which the private investor realizes and sells the result of the work, a public-private partnership implies from the private sector quality assurance and long-term maintenance of the good / service. The projects resulting from these partnerships can provide Romania with a healthy and rapid economic development, taking into account the supplementation of the state's financial resources with the private sector, but great attention must be paid to the risks that may arise due to the long term realization and the complexity of such projects. From the point of view of the public-private partner, Romania is at an early stage due to the fact that at local level there are no clearly allocated responsibilities and the level of decision making is not known, there is no unitary institutional approach to such projects, in general, most of the risks need to be assumed by the private sector, which also faces a relatively low financial power given that the business environment is not very favorable to investment.