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Jelena Tadić, Executive Director, PPP Investment

Public Private Partnership Value For People

Serbia has become a leader in the region in the application of the PPP model because we were capable to recognise that we live in a time of enormous challenges in the financial and economic sense, but also in terms of preserving human health and the environment. As existing public resources are not enough to meet all the challenges, we have placed more confidence in private capital

The European PPP Expertise Center (EPEC) and the UN Economic and Social Council (UNECE) have published new manuals for the implementation of PPP projects. According to Jelena Tadić, they overcome the previous weaknesses in the implementation of PPP and define the methodology for evaluating PPP for the goals of sustainable development.

Today, more than ever, we need private initiatives and the use of private capital to overcome challenges in the public sector. Is a public-private partnership the right model for this?

Combining the public with the private sector in the right way, especially through a PPP model, creates additional value for both public and private partners in terms of reducing public expenditures, making transparent profits for private partners, increasing the quality of public service, caring for the environment and especially satisfying end users. In practice the PPP model has shown the need for continuous development, and the legal and procedural framework has to follow these changes.

International financial institutions provide a high-level framework for conducting public-private partnership procedures and facilitate states in preparing the legislative framework.

In practice the PPP model has shown the need for continuous development, and the legal and procedural framework has to follow these changes

Is Serbia far ahead of other countries in the region in terms of public-private partnerships?

Serbia is definitely the leader in the region in applying the PPP model. Some data show that according to this model, we have invested about three billion euros of private capital in projects that serve to overcome public challenges. More and more local self-governments in Serbia are showing interest in this type of project, in introducing order, especially in utilities, and in providing high quality services for taxpayers’ money.

Does the essential value of the PPP model lie in saving money that can be used for everyone’s benefit?

When analysing the potential of PPPs to promote sustainable development, it is important to keep in mind its limitations and advantages. In order to achieve a social value above their economic value, public-private partnerships must be “fit for purpose”. Through years of development, public-private partnerships have gone from a mere funding tool to an instrument that provides “value for people” and “value for the planet”.

Since time immemorial, women have known how to distribute the household budget, how to save and how to make two dinars from one. Does this also apply to women in public-private partnership projects?

PPP’s investment team is dominated by women. Some with extensive experience in various projects, and some at the beginning of their careers. The common feature of all women in our team is dedication, enthusiasm and professionalism.

When you have these qualities, success is guaranteed in any business you do. Of course, there are many women in other companies, institutions, who are working on the same or similar tasks, with whom we are happy to cooperate and who make a great contribution to the development of PPP models in Serbia.

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