PUBLIC- PRIVATE PARTNERSHIPSFOR URBAN DEVELOPMENT

As I’m writing an essay about public-private partnerships for urban development, firstly I would like to define what is public-private partnership. Word “ public” refers to people in general, but “private” – to certain person or group. Public-private partnership is a kind of cooperation between public and private sector in order to achieve common objectives. Such partnership is needed and is helpful in cases when large-scale project (like redevelopment, renovation, building etc.) should be done, but the government has no enough money to tackle it. The finance then can be attracted, for instance, from private capital or investors.
As a theme for the essay, evaluating potential project, I have chosen comparison between two projects, both involving building: a new power station and National library. To explain why I decided a power station as potential project, I offer a small insight into energetics (power industry) of Latvia. At present the company “Latvenergo” is the m...