6 Key Points To Note For PPP in Serbia

Public-private partnerships (PPPs) can be an effective way to develop and deliver public infrastructure and services in Serbia. A PPP involves a contractual arrangement between a public sector entity and a private sector partner for the provision of a public asset or service. Here are some steps to consider when carrying out a public-private partnership in Serbia:

1. Identify the Opportunity

The first step in carrying out a PPP in Serbia is to identify the opportunity. This can be a public infrastructure project or a service that can be provided more efficiently and effectively through a PPP. The opportunity should be aligned with the government’s priorities and policies.

2. Assess the Feasibility

The next step is to assess the feasibility of the PPP opportunity. This involves analyzing the financial, technical, legal, and social aspects of the project or service. A feasibility study should be conducted to determine the viability of the project and identify potential risks and mitigation measures.

3. Develop the Business Case

Once the feasibility study is completed, a business case should be developed. The business case should outline the objectives of the PPP, the roles and responsibilities of the public and private partners, the financial and commercial terms of the agreement, and the risk-sharing arrangements.

4. Procure the Private Partner

After developing the business case, the public sector entity should procure a private partner. The procurement process should be transparent and competitive, with clear evaluation criteria and requirements. The private partner should be selected based on their technical expertise, financial capacity, and experience in delivering similar projects.

5. Implement and Monitor the PPP

Once the private partner is selected, the PPP can be implemented. The implementation phase involves developing a detailed project plan, establishing project governance and management structures, and monitoring the project’s progress. The public sector entity should ensure that the private partner is delivering the agreed-upon outputs and outcomes, and the risk-sharing arrangements are being followed.

6. Evaluate and Review the PPP

Finally, the PPP should be evaluated and reviewed to determine its effectiveness in delivering the desired outcomes. The evaluation should consider the financial, technical, legal, and social aspects of the PPP and identify any lessons learned. The results of the evaluation should be used to inform future PPP opportunities and improve the effectiveness of existing PPPs.

PS. Carrying out a public-private partnership in Serbia requires careful planning, assessment of feasibility, development of a business case, transparent procurement, implementation and monitoring, and evaluation and review. A successful PPP can deliver value for money, innovation, and improved public services, while ensuring the public interest is protected.