Public-private partnerships in the 21st century

European institutions have intellectually invested in creating legal, economic and policy systems which engage the private sector in the delivery of public services. Public-private partnerships have emerged as an instrument of modern public sector management, with attractive consequences resulting from the methods of financing and the risk allocation mechanisms deployed in the relevant relations between public and private sectors. Public-private partnerships represent a credible solution for the delivery of public services in the 21st century EU and its Member States. © 2010 ERA.