Implementation of PPP Contracts: Pros and Cons

Egra Ibrahimi – Mediterranean University of Albania, Bulevardi Gjergj Fishta 52, Tirana 1023, Albania

Abstract: PPP contracts are now widely spread all over the world, includ­ing both developed and developing countries, especially in getting major infrastructure projects built. They consist of a large private sector participa­tion, aiming to achieve efficiency and effectiveness. Sometimes, happens that these projects fail to find the best level of private-sector participation. There are some reasons behind this: the fact that the public and private sec­tors think differently about the risk of such projects, corruption level, lack of effective policy, institutional framework, macroeconomic situation, etc.

There is a difference between PPP contract implementation in developed and developing countries. There are some challenges in developing coun­tries, such as lack of effective policy, poor planning, the country’s macroeco­nomic situation, level of corruption, etc. Through a descriptive analysis, this paper shall argue some of the benefits and some risks of the implementa­tion of PPP contracts for developing countries including Albania.

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9th International Scientific-Business Conference – LIMEN 2023 – Leadership, Innovation, Management and Economics: Integrated Politics of Research – CONFERENCE PROCEEDINGS, Hybrid (Graz University of Technology, Graz, Austria), December 7, 2023

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