The Public-Private Partnership (PPP) is a contractual agreement between a public agency and a private entity. According to such agreement, the skills and assets of each sector (public and private) are shared in the delivery of a service or facility to the benefit of the public. Beside sharing resources, each party shares the potential risks and benefits in delivering services and/or facilities.
PPP principles in the Republic of Moldova:
•Equality in treating and choosing partners, objectivity and non-discrimination;
•Provision of compensations;
Goals of the Public-Private Partnership:
•Joint accountability in developing the infrastructure;
•Lease of objects of national interest for a maximum period of 50 years;
•Accumulation of sources of capital;
•Attraction of foreign and local investments;
•Creation of fair competition on the market of products and services.
The PPP priorities by sectors:
- develop the energy sector using traditional and alternative sources
- rehabilitate the roads and their maintenance
- public transportation
- industrial pools
- modernization of water pipes and sewerage networks