Abstract
Countries seek to use the knowledge and capital of the private sector to minimise the gap between the transport infrastructure needs and the capacity of their budgets. A form of private investor involvement is usually a public-private partnership PPP. However, success in implementing the PPP projects requires appropriate economic, legal and institutional conditions. The article presents results of research aimed at identifying the PPP success factors in Poland and assessing the strength of impact of individual factors on the implementation of projects. An analysis of the subject literature was carried out, based on which the success factors were determined. Next, econometric modelling methods were applied (correlation and regression), which were used to measure the degree of correlation between the variables and showed the relationships of variables to each other.
Highlights
Public-private partnership (PPP) as a form of cooperation between the public and private partners, who act together while realizing a project, keeping their own goals and interests, has been an area of scientific research since the 1980s
Governments around the world are trying to use the knowledge and capital of the private sector to minimize the gap between the needs for infrastructure, especially transport and possibilities of their budgets
Availability of financing bank assets (EUR billion), bank assets (% of GDP), private sector debt, private sector credit legal framework, level of democracy rule of law index, democracy index, corruption index competitiveness of the public procurement process competitiveness indicator studies have shown its great influence on success of the PPP projects
Summary
Public-private partnership (PPP) as a form of cooperation between the public and private partners, who act together while realizing a project, keeping their own goals and interests, has been an area of scientific research since the 1980s. The subject of particular interest of governments is the transport infrastructure, which determines economic and social development, and in the current state of quantity and quality requires large investment outlays. These include European rail, road and air transport systems, as well as urban transport systems, which are suffering from effects of congestion and citizens expect a rapid improvement of current transport systems. At present, the main area of research on the PPP is to identify success factors and determine influence of particular factors, their strength of influence on the process of successful project implementation [1]. The former was used to measure the degree of correlation between the variables and the latter showed the quantitative dependence of one variable on another
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