Financial and legal aspects of public-private partnership in financing revitalization activities - general issues

Abstract

Public participation is gaining importance with regard to the implementation of munici­pal investments of various kinds. The relations between inhabitants and local authorities, are cur­rently coming more towards participation based on consensus rather than confrontation. Changes in this area are a positive result of both the examples of good practices coming from the developed European countries (Norway, France, Germany), as well as the orientation of the EU urban policy in this direction. At the same time, however, the EU urban policy draws attention to the scarcity of public financing as regards municipal investment projects. The EU policy emphasizes the need to involve private funds. Both the EU and Polish strategic documents on urban policy point to the role and importance of public-private partnership in financing municipal investments. The pa­per presents public-private partnership as one of the basic means of realization of the idea of social participation in the financing of revitalization processes as well as the problems related to this fund­ing model within the Polish legislation in relation to the European Union provisions in this regard.