Abstract (EN)

Public private partnerships (PPP) are primarily meant to finance public infrastructures. In a context of stagnating financial markets, these partnerships allow the implementation of infrastructures, which are critical for the economic competitiveness of the territory. Moreover, considering economic developement in terms of investment rather than expenditures is leading local authorities to adopt performance appraisal procedures, which is in accordance with the performance principle stated in the law regulating public finance (known as loi organique relative aux lois de finances or LOLF). Therefore, PPP proved to have a positive impact on economical development and are used by the governement as leverage for its economic recovery plan. However, public private partnerships are long-term agreements and of a complex nature. Therefore, the need for careful assessment, particularly at the financial level is required. As a consequence, local authorities are advised to obtain a strong expertise before making use of PPP.