The Effect of Strategic Cost Management Tools on the Performance of Public-Private Partnership Projects

Practical legislative activity in the application of Public-private partnership is based on the principles of scale for the subjects of implementation, the scope of work or services, geographical and political and economic characteristics. Currently, there is an experience of successful implementation of projects of regional, Federal and international importance. In the conditions of the applied practice, certain elements of the imperfect legislative mechanism were revealed, which subsequently underwent regulatory and legal revision. Methodical recommendations, expert opinions at the places of execution of the project stages, which have become fundamental in the adoption of certain legislative initiatives by the Executive authorities, have been developed. The principle of priority consolidates the attention of lawmakers to strategically important projects for the state, highlighting no less important areas of social activity in the field-municipalities (territorial Executive authorities), also in need of intellectual support of management tools.

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Legal Valences of Public-Private Partnership in the Republic of Moldova as an Economic Tool for Innovative Directions of Development

International Journal of Social Science Studies ◽

10.11114/ijsss.v9i1.5110 ◽

2020 ◽

Vol 9 (1) ◽

pp. 34

Author(s):

Irina Calugareanu

Keyword(s):

Banking System ◽

Public Private Partnership ◽

The State ◽

Management Tools ◽

Private Partnership ◽

The Public ◽

Republic Of Moldova ◽

Current Economic Situation ◽

The Republic ◽

The Right

The current economic situation leads to significant changes in the social sector of society. Formerly owned by the state, the infrastructure objects are transferred to private companies, the state reserving the right to regulate and monitor the subsequent activities of these objects. The public-private partnership is based on the cooperation between the public partner and the private partner to increase the efficiency of the public patrimony, each partner assuming concrete risks, innovations, and responsibilities.The Republic of Moldova development required the introduction of innovative management tools for implementing state and regional development strategies, such as the new format of specific programs, strategies for developing regional clusters, the introduction of public-private partnership principles. Governments understood that PPPs could help overcome the situation in the Republic of Moldova when medium and long-term financing sources with a maturity of 3 years are virtually inaccessible within the existing banking system. This situation, combined with a constant lack of financial resources in the budget, suggests that the initiation of the PPP is an alternative tool to further the country's infrastructure development.The article reviews the local legal valences on the public-private partnerships as an economic tool for innovative directions of development and the main weaknesses of the Republic of Moldova framework.

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