This study analysed the short- and long-run interactions between the exchange rate and different types of investments in South Africa from 1970 to 2014. The study focussed on the portfolio theory, the life cycle of investment and the accelerator model of investment, which all found that investment plays an important part in the economic growth and development prospects of a country, thus a healthy investment environment needs to be present in order to attract investment inflows into the country. The conceptualisation of exchange rates focussed on the definitions and types of exchange rates that are in existence, as well as the theories of exchange rate determination which included the purchasing power parity, the interest rate parity, the portfolio balance approach and the Balassa-Samuelson model. These theories are all different but are essential for this study as assumptions made by these theories are relevant to the explanations of exchange rates. The Vector Autoregressive model (VAR), a multivariate Johansen co-integration approach and Granger causality test were conducted to analyse the interactions between the exchange rate and different types of investments. The short-run analysis found that there was a short-run relationship between the exchange rate and different types of investments in South Africa. However, this short-run interaction were found to be small, thus, not significant enough to cause disruptions to the exchange rate and to the inflow of investments into the country. The long-run analysis found that a there was a long-run relationship between the exchange rate and different types of investments in South Africa. This long-run relationship was also found to be negative. This study concluded that investments have a negative, long-run effect on the exchange rate, suggesting that a fall in the investments would cause an increase in the exchange rate in the long-run.

Thesis (PhD)--Stellenbosch University, 2011 / ENGLISH ABSTRACT: The Public-Private Partnership (PPP) is a popular instrument for public service delivery. It is important that public managers will be able to recognize when a PPP would be an appropriate service delivery option, and will be able to maximize a PPP‘s chances of success when it is the chosen service delivery instrument. The research question addressed in this dissertation is: ―What are the critical factors that can be replicated that separate successful PPPs from PPPs that do not deliver or that collapse? In this dissertation critical success factors for PPPs are identified through a step-by-step process in which different sources of success factors are analysed and where successively identified sets of success factors are compared and combined in a repetitive layered process of synthesis. A list of success factors is created and expanded through an iterative process of evaluation, removal of duplications, combination of related success factors and listing of unique success factors. Success factors are found in literature while describing the PPP concept and partnership mechanics and management. Success factors are identified in partnership literature, in public governance literature, in private sector collaboration literature, in entrepreneurial studies and in a collection of perspectives on success. These perspectives include those of stakeholders, of private operators, of the third sector as well as perspectives from disciplines and knowledge and practice frameworks such as project management, corporate governance, enterprise risk management and organisational design. Additional success factors are identified in a discussion on the evaluation of partnerships, where it is shown that success factors can be derived from evaluation based on characterization, from partnership definitions, from the perspective of programme evaluation, from measuring the performance of business improvement districts, from alternating focus partnership evaluation (sector by sector, theme-based, local-level) and from service delivery evaluation. The evaluation of partnership examples also provides insight into success factors. The final filtering and synthesis of evidence uses the results of questionnaires, from which success factors are derived, to conduct a final distillation and produce the final list of success factors identified. A total of 466 individual success factors are identified in this dissertation, these factors are grouped into 43 distinct categories. The two most critical success factors for PPPs are identified as firstly delivering a publicly needed service and secondly achieving the objectives of the partnership. The answer to the research question described above is that critically, two conditions must be met to make a PPP successful, and that is that the goals of the PPP must be achieved and that a public need must be satisfied. There are many additional success factors which can further define success and degrees of success, all of which are descriptions of desired conditions from the perspective of stakeholders. The exploratory and hypothesis-generating study culminates in a hypothesis that states that if public managers are faced with a choice of service delivery options, and the use of a PPP is one option, and if the manager applies the categories of recommended critical success factors identified in this dissertation, the manager will be able to determine whether a PPP would be an appropriate service delivery vehicle, and furthermore, if PPP is chosen as service delivery vehicle, the public manager would, through the application of the success factors identified in this dissertation, have a greater chance of successful implementation of the PPP through purposeful collaboration. The study contributes to the public management body of knowledge by covering new ground in terms of the evaluation and management of public-private partnerships. / AFRIKAANSE OPSOMMING: Publiek-Privaat Vennootskappe (PPVe) is 'n gewilde instrument vir die lewering van openbare dienste. Dit is belangrik dat openbare bestuurders sal weet wanneer 'n PPV 'n goeie opsie sal wees vir openbare dienslewering en hoe om 'n PPV se geleentheid vir sukses te verhoog as dit die gekose dienslewerings-instrument is. Die navorsings-vraag wat in hierdie proefskrif aangespreek word is: Wat is die kritieke sukses-faktore wat gerepliseer kan word wat suksesvolle PPVe onderskei van PPVe wat nie presteer nie of wat ineenstort? In hierdie proefskrif word kritieke suksesfaktore vir PPVe geïdentifiseer deur 'n stap-vir-stap proses waardeur verskillende bronne van suksesfaktore ge-analiseer word en agtereenvolgende stelle van suksesfaktore vergelyk en gekombineer word in 'n herhalende, gelaagde proses van sintese. 'n Lys van suksesfaktore word geskep en uitgebrei deur ‗n iteratiewe proses van evaluasie, die verwydering van herhalings, die kombinasie van verwante faktore en die lys van unieke faktore. Suksesfaktore word gevind in literatuur terwyl die PPV konsep en vennootskap meganismes en -bestuur beskryf word. Suksesfaktore word geïdentifiseer in vennootskap literatuur, in openbare bestuur literatuur, in privaatsektor samewerkingsliteratuur, in entrepeneur studies en in 'n versameling perspektiewe op sukses. Hierdie perspektiewe sluit in die van belanghoudendes, van private operateurs, van die derde sektor sowel as perspektiewe van dissiplines en kennis en praktyk raamwerke soos projekbestuur, korporatiewe bestuur, ondernemingsrisikobestuur en organisatoriese ontwerp. Bykomende suksesfaktore word geïdentifiseer in 'n bespreking oor die evaluasie van vennootskappe, waar dit aangedui word dat suksesfaktore afgelei kan word van karakter-gebaseerde evaluasie, van die prestasiemeting van besigheidsverbeteringsdistrikte ("Business Improvement Districts"), van alternatiewelik-fokusende vennootskap-evaluasie (sektor-vir-sektor, tema-gebasseerd, plaaslike vlak) en van dienslewerings-evaluasie. Die evaluering van vennootskap voorbeelde voorsien ook insig in suksesfaktore. Die finale filtrasie en sintese van bewyse gebruik vraelyste, waarvandaan suksesfaktore afgelei word, vir 'n finale distillasie en die saamstel van 'n finale lys van geïdentifiseerde suksesfaktore. In totaal word 466 indiwiduele suksesfaktore in hierdie proefskrif geïdentifiseer, wat in 43 aparte kategorieë gegroepeer word. Die twee mees kritieke suksesfaktore wat uitgewys word is om eerstens 'n benodigde publieke of openbare behoefte te bevredig of diens te lewer, en tweedens om die doelwitte van die vennootskap te bereik. Die antwoord op die navorsings-vraag wat hierbo beskryf word is dat daar krities aan twee voorwaardes voldoen moet word om 'n PPV susksevol te maak, en dit is dat die vennootskap se doelwitte moet bereik word en dat ‗n openbare behoefte bevredig moet word. Daar is verskeie bykomende suksesfaktore wat sukses en die mate van sukses verder kan definieer, waarvan almal beskrywings is van verlangde toestande uit die oogpunt van belanghebbendes. Die uitset van die verkennende en hipotese-vormende studie is 'n hipotese wat lei dat, indien openbare bestuurders met 'n keuse van dienslewerings opsies gekonfronteer word, en indien die gebruik van 'n PPV een van hierdie opsies is, en indien die bestuurder dan die kategorieë van voorgestelde suksesfaktore wat in hierdie proefskrif geïdentiseer is toepas, sal dit vir die bestuurder moontlik wees om te bepaal of 'n PPV 'n toepaslike diensleweringsvoertuig kan wees, en verder dat, indien 'n PPV die gekose diensleweringsvoertuig is, die openbare bestuurder deur die toepassing van die susksesfaktore wat in hierdie proefskrif geïdentifiseer is 'n groter kans sal hê vir suksesvolle implementering van die PPV deur doelgerigte samewerking.

Thesis (MPA)--Stellenbosch University, 2013. / ENGLISH ABSTRACT: This study gives an analysis of urban water services provision in Zimbabwe in general. The case study of Harare Municipality was used to get an in-depth analysis of urban water provision in an urban set-up and assess the possibility of private sector engagement for water provision. The engagement of the private sector through Public- Private Partnerships (PPPs) in the provision of public services has become a common practice in many countries. The overall benefits noted for the use of these partnerships include increased effectiveness and efficiency of service delivery. The private sector has been favoured for the provision of services, given the financial and expertise benefits that it brings into public service delivery. Water services delivery in many countries in Africa has been dogged by a plethora of problems that include, water losses, poor revenue collection, lack of cost recovery, inadequate financial investment to expand water infrastructure and overall inability to meet demand resulting from urban expansion. Given these challenges, PPPs provide an option for service delivery. These partnerships have been in the form of leases, management and service contracts, as well as concessions for the provision of public services. Private sector participation (PSP) in service delivery in different forms is rooted in various theoretical ideologies that include New Public Management (NPM), Public Value, New Governance and Network Governance. The reduction of the role of government in the provision of public services; the adoption of private sector management style; the use of networks in service provision and participation of the stakeholders are key principles in these theoretical ideologies. These principles have thus been adopted through public sector reforms for service delivery. Case studies from Senegal, Kenya, South Africa and Tanzania are applied in this study, to take note of key lessons on the engagement of the private sector for provision of urban water services, as well as the key determinants of successful partnerships. The institutional and legal framework of reforms undertaken in these countries are analysed as part of the enabling environment for successful partnerships. Data collection for this study was done through key informant interviews, covering water administration issues, water provision challenges and private sector engagement in Harare. The obsolete water infrastructure and inadequate financial levels have affected water provision and coverage in Harare. Unaccounted for water was found to be above 30 percent for the City of Harare, whilst water production levels are much lower than demand. Attempts at engaging the private sector for improving water provision through a concession for the Kunzvi Dam Project have not gone beyond the signing of the contract. What is clear is that there is a lack of a regulatory framework; political willingness, lack of trust, economic uncertainty, lack of financial sustainability and a performance monitoring framework. These are key factors in ensuring a viable public- private arrangement. For private sector involvement to be successful, in the context of this study, the recommendations include the need for a regulatory framework for PPPs in Zimbabwe, establishment of a regulator through policy, political willingness and transparency. / AFRIKAANSE OPSOMMING: Hierdie studie bied ’n algemene analise van stedelike watervoorsieningdienste in Zimbabwe. Die gevallestudie van die Harare-munisipaliteit word gebruik ten einde ’n in-diepte analise van stedelike watervoorsiening in ’n stedelike omgewing te bekom en om die moontlikheid van privaatsektor-betrokkenheid ten opsigte van watervoorsiening te assesseer. Die betrokkenheid van die privaatsektor deur middel van Openbare-Privaatvennootskappe met die oog op die verskaffing van openbare dienste het in vele lande wêreldwyd algemene gebruik geword. Die algehele voordele vir die gebruik van sulke vennootskappe sluit verhoogde doeltreffendheid en deeglikheid van diensverskaffing in. Die privaatsektor geniet voorkeur vir die voorsiening van dienste gegewe die finansiële en kundigheidsvoordele wat dit aan openbare dienslewering toevoeg. Die lewering van waterdienste in vele lande in Afrika word deur ’n oormaat probleme geteister wat waterverliese, onvoldoende betalings, gebrek aan kosteverhaling , onvoldoende geldelike beleggings om waterinfrastruktuur uit te brei, en die algehele onvermoë om aan die aanvraag weens stedelike uitbreiding te voldoen, insluit. In die lig van die vermelde uitdagings bied Openbare-Privaatvennootskappe ’n opsie vir dienslewering. Dié vennootskappe is in die vorm van huurkontrakte, bestuurs- en dienskontrakte, sowel as konsessies vir die verskaffing van openbare dienste, vergestalt. Deelname deur die privaatsektor aan dienslewering in verskillende vorme is gewortel in verskeie teoretiese ideologieë wat Nuwe Openbare Bestuur, Openbare Waarde, Nuwe Leiding en Netwerkleiding insluit. Die vermindering van die regering se rol in die voorsiening van openbare dienste; die aanvaarding van privaatsektor-bestuurstyl; die gebruik van netwerke ten opsigte van diensverskaffing en die deelname van belanghebbendes, is sleutelbeginsels in hierdie teoretiese ideologieë. Hierdie beginsels is dus deur openbare sektorhervormings met die oog op diensverskaffing aanvaar. Gevallestudies uit Senegal, Kenia, Suid-Afrika en Tanzanië is in hierdie studie toegepas met die oog daarop om sleutellesse rakende die betrokkenheid van die privaatsektor ten opsigte van die voorsiening van stedelike waterdienste ter harte te neem, sowel as die sleuteldeterminante van geslaagde vennootskappe. Die institusionele en wetlike raamwerk van hervormings wat in vermelde lande onderneem is, is geanaliseer as deel van die geskikte omgewing vir geslaagde vennootskappe. Data-insameling vir hierdie studie is gedoen deur sleutel ingeligte onderhoude wat wateradministrasie-aangeleenthede, watervoorsiening-uitdagings en privaatsektor-betrokkenheid in Harare dek. Die afgeleefde waterinfrastruktuur en onvoldoende finansiële stelsels het watervoorsiening en dekking in Harare geraak. Daar is bevind dat die onverantwoordbaarheid ten opsigte van water in die stad Harare bo 30 persent was onderwyl waterleweringsvlakke veel laer is as die aanvraag daarvoor. Pogings om die privaatsektor te betrek by die verbetering van watervoorsiening deur middel van ’n konsessie vir die Kunzvi Dam-projek, het nog nie verder gevorder as die kontrakondertekening nie. Wat duidelik is, is dat daar ’n gebrek aan ’n reguleringsraamwerk bestaan, daar is geen politieke wil nie, daar heers algemene gebrek aan vertroue, ekonomiese onsekerheid en ’n gebrek aan finansiële volhoubaarheid, en daar bestaan nie ’n prestasiemoniteringsraamwerk nie. Hierdie is sleutelfaktore ten einde ’n lewensvatbare openbare-private ooreenkoms te verseker. Om privaatsektor betrokkenheid – in die konteks van hierdie studie – geslaagd te maak, sluit die aanbevelings die volgende in: die behoefte aan ’n reguleringsraamwerk vir Openbare-Privaatvennootskappe in Zimbabwe, die totstandkoming van ’n reguleerder deur middel van beleid, ’n politieke wil en deursigtigheid.

Thesis (MDF)--Stellenbosch University, 2014. / Globally, the demand for public infrastructure has been growing. However, governments have not been able to meet this demand due to limited fiscal revenue. Many governments have turned to the private sector to finance, build and operate infrastructure projects through public-private partnerships (PPPs). Despite the great demand and the availability of capital to develop these projects, many have failed the PPP test due to a number of constraints. This paper is meant to research the viability of water PPPs by considering the case of the Kunzvi Water Development Project (KWDP), which is in its infancy stage. The literature review from developed and developing countries shows a number of critical success factors which were applied to this study. These critical success factors were rated by key stakeholders in the KWDP – from the government and private sector to development finance institutions (DFIs). A questionnaire was then given to each group to assess the critical success factors. The results show that political commitment and support, macroeconomic environment, and the legal and regulatory framework were the top three critical success factors. The respondents rated the first as strong, but the macroeconomic environment was rated as weak. The paper recommends that government improves the nature of the political support going forward as more involvement will be required as the project develops. The paper also recommends that the government engages DFIs to provide financial and technical support to develop the project as the government may not be able to afford professional services. This paper highlights the views of the respondents but the author also noted limitations even though the project is still in its early stages. Hence, further review may be needed as the project progresses, and/or the lessons learnt may have to be studied and compared with similar projects in a similar context.

published_or_final_version / abstract / Politics and Public Administration / Master / Master of Philosophy

<p>Public-private partnerships to provide services are a relatively new policy initiative in Mexico, and have shown contrasting results. This research has endeavored to analyze the possible determinants behind the failure, or the success, of the choice of a specific mode of service provision. By using contracting literature based on transaction costs, and looking specifically at the case of AGSAL, a joint venture established between Saltillo, a northern Mexican city, and INTERAGBAR, a private investor, for the provision of water, this study showed that characteristics of the transaction at stake. More specifically, it showed that specificity of the investments that support a given transaction, the unanticipated changes in circumstances surrounding an exchange, either from physical assets or its ownership rights, and the frequency and duration with which parties engage in the transaction.</p>

Bakgrund och problem: Definitionen av en controllers roll och arbetsuppgifter är mycket diffus till följd av dess relativitet samt ständigt genomgående utveckling. Än idag är det svårt att generalisera en controllers arbetsuppgifter då det rör sig om en flukturerande yrkesroll. Tidigare forskning som addresserar bakomliggande faktorer i en controllers roll, redogör till stor del för rollens förändring över tid. Vi finner en kunskapslucka i komparativ forskning av controllerns roll och arbetsuppgifter inom offentlig respektive privat sektor. Syfte: Syftet med denna uppsats är att beskriva och förstå hur controllerns roll och arbetsuppgifter ser ut inom offentlig och privat sektor, vilka relevanta likheter och skillnader som går att urskilja samt vilka de bakomliggande förklaringarna till dessa är. Detta för att bidra med en komparativ förståelse för controllers roll som komplement till redan befintlig forskning och som referens till vidare studier inom ämnet. Metod: Uppsatsen omfattas av en kvalitativ forskningsdesign med en komparativ undersökningsdesign. Den empiriska studien grundas huvudsakligen i semistrukturerade intervjuer med controllers inom offentlig respektive privat sektor. Slutsats: De stora likheterna gällande controllerns roll och arbetsuppgifter inom offentlig och privat verksamhet kretsar kring dess stödjande och framåtblickande karaktär, analysarbetet samt dess medverkan till att på olika sätt skapa mervärde i beslutsprocesserna. De stora skillnaderna gällande controllerns arbetsuppgifter inom offentlig och privat verksamhet berör framför allt utveckling, implementering och uppföljning av ekonomistyrningssystem samt användningen av finansiell och icke-finansiell information. Controllerrollerna analytiker och coach visas framträdande hos controllers inom den offentliga sektorn och controllerrollerna kamrer och pedagog visas framträdande hos controllers inom den privata sektorn. De bakomliggande förklaringarna kan finna grund i organisationens typ, det vill säga de karaktäristiska dragen för offentlig och privat verksamhet, men där finns även många fler bakomliggande faktorer och dimensioner att ha i åtanke. / Background: The definition of a controller's role and work assignements are very diffuse due to its relativity and continuous development. Even today, it is difficult to generalize a controller's work assignements as it is a fluctuating professional role. Previous research addressing underlying factors in a controller's role primarily accounts for the trasformation of the role over time. We find a gap of knowledge in comparative research of the controller's role and work assignements in the public and private sectors. Purpose: The purpose of this paper is to describe and understand how the role and work assignements of a controller appear in the public and private sector, to identify relevant similarities and differences that can be distinguished and what the underlying explanations of these are. This, in order to contribute with a comparative understanding of the role of controllers as a complement to existing research and as a reference in further studies within the subject. Method: The paper is subject to a qualitative research design with a comparative survey design. The empirical material is mainly based on semistructured interviews with controllers within the public and private sector. Conclusions: The main similarities regarding the role and work assignements of a controller in the public and private sector revolve around its supportive and forward-looking character, the analysis work and its contribution to add value in the decision-making process. The main differences regarding the controller's work assignements in public and private sector concerns, in particular, the development, implementation and monitoring of management systems and the use of financial and non-financial information. The controller roles analytiker and coach appear prominent by public sector controllers and the controller roles kamrer and pedagog appear prominent by privat sector controllers. The underlying explanations can be found in the type of organization, that is, the characteristic features of public and private sector organizations, but there are also many more underlying factors and dimensions to keep in mind.

A participação privada em infra-estrutura não é um conceito novo. Os serviços públicos têm sido prestados por terceiros e as concessões têm sido delegadas a investidores privados por séculos. Nas últimas décadas, contudo, a participação privada tem mudado a forma segundo a qual a infra-estrutura e os serviços públicos são providos ao redor do mundo. A última tendência nessa área tem sido a associação entre o governo e o setor privado, denominada parceria públicoprivada (PPP), para a provisão de serviços usualmente prestados pelo setor público. Nesses novos tipos de arranjos, a sustentabilidade financeira do projeto pode requerer algum tipo de contribuição do governo, que precisa, por conseguinte, prestar contas para a sociedade sobre a eficiência no uso dos recursos públicos. Nesse contexto, modelos de análise da qualidade do investimento público para avaliar a conveniência e a oportunidade da contratação em regime de PPP têm sido propostos por diversos governos, que, desta forma, prestam contas para a sociedade sobre as suas ações. Os primeiros modelos de análise, baseados unicamente em comparações financeiras, foram severamente criticados devido à subjetividade na avaliação dos riscos, ao viés para a escolha da opção com financiamento privado e à suposta manipulação dos resultados. Como resultado, os governo têm, nos últimos anos, introduzido inovações nesses modelos a fim de eliminar as deficiências detectadas e incorporar os avanços mais recentes na política e regulação das PPPs. Este trabalho tem como objetivo contribuir para a regulamentação do Art. 4° e do Art. 10° da Lei n° 11.079/2004, que condiciona a abertura da licitação à demonstração da conveniência e da oportunidade da contratação na forma de PPP. Além de estabelecer diretrizes para a análise financeira do projeto que reduzem os problemas detectados em outras abordagens, o modelo propõe uma combinação de análises socioeconômicas e testes do interesse público e privado que permitem avaliar o suporte público ao projeto e a capacidade de o setor privado conduzi-lo de forma eficiente. Entende-se que o modelo proposto promove a prestação de contas, a auditabilidade e a transparência nos projetos de PPP, condições fundamentais para a legitimidade dessa nova política no Brasil. O método de pesquisa adotado envolveu a revisão do estado da arte na implementação e análise de projetos de PPP, além da consulta a profissionais e gerentes envolvidos com o desenvolvimento de parcerias pioneiras no Reino Unido. / The private participation in infrastructure is not a new concept. Outsourcing and concession have been in place for centuries in many countries, where private companies played an important role in the development of the physical infrastructure. In the last decades, however, private participation has deeply changed the ways infrastructure and public services are delivered around the world. The most recent trend in this context is the partnership between the government and the private sector in areas of traditional public sector provision and control. Under this new approach, different types of government contributions may be required to render projects attractive to private investors. As a result, these schemes require a high level of public accountability, and the government must demonstrate that the PPP deal offers value for money for the use of public resources. Value for money assessment frameworks have been proposed in different countries to test whether the public-private partnership is the most efficient option for the government to carry out the project and deliver the associated services. Therefore, these frameworks are essential for the accountability and legitimacy of this new policy. The earliest value for money frameworks were severely criticized due to deficiencies such as subjectivity in risk analysis, bias for the selection of the private financing option and manipulation of the results to produce an expected answer. Recently, value for money frameworks have been reformed to address the deficiencies of the former approaches and to incorporate the ongoing evolution in public-private partnerships regulation and policy-making. This thesis aims to contribute for the regulation of the Brazilian PPP Law, which demands the demonstration of the value for money as a requisite for the progress of the project as a PPP. In this context, the thesis proposed not only comprehensive changes in the financial analysis approach for PPPs, but also the combination of socioeconomic, public interest and market appetite analysis prior to the procurement process as an indication of the likelihood of getting value for money in the deal. Consequently, the proposed framework highlights the accountability, transparency and auditability of schemes, which is ultimately a cornerstone for the legitimacy of the PPP policy. The research collection method involved a literature review of PPP state of art and meetings with public and private managers involved in groundbreaking PPP projects in the United Kingdom.

In today's society, we face many complex and major challenges, several of them concerning human rights - at both global, regional and local level. To enable solutions to these problems, collective action and effort is required. As a result, cooperation between all sectors within the UN, as well as the public and the private sector, not to mention civil society, is crucial. In September 2015, the UN General Assembly adopted a historic framework: Agenda 2030, which addresses the importance of partnerships and engagement from all sectors to achieve sustainable development and the application of human rights for all. In light of this, the present study investigates partnerships between the private and non-profit sector from a human rights perspective. Previous research has dealt with both cross-sector partnerships for social issues, the role of companies in relation to the Sustainable Development Goals, and CSR and human rights. The research about cross-sector partnerships for social issues, which are the partnerships that are addressed in Agenda 2030, often lacks the perspective of how they can promote human rights. The aim with this thesis is to therefore research how human rights are understood in cross-sectoral partnerships, in which ways these partnerships can promote human rights, as well as the successes and challenges that exist for them. The methodological design of this research consists of interviews with participants from partnerships between the private and the non-profit sector, with representatives from both sides. The present study shows that there is an interdependency between cross-sector partnerships and human rights and that it is clear that partnerships between different sectors are necessary to solve the social problems we are facing today. We need to partner for change.

Thesis is focused on the analysis of the application Public Private Partnership within the financing of public infrastructures projects. Public infrastructure financing has traditionally lain in the domain of public sector. A tightening of many countries' budgets recently has led to an exploration of alternative resources for financing transport infrastructure as e.g. PPP. The aim of the thesis is to compare or evaluate which form of financing (PPP or using only public finance esp. issue of public bonds) is more effective. The thesis is separate into 2 important parts, theoretical and practical. The theoretical part of the thesis provides the general description of PPP projects, international experiences and about the legal and institutional framework within the EU and Czech Republic. Practical part of the thesis is focused on the main advantages and disadvantages of PPP projects. Here is also part devoted to the financial models using for the comparison which form of financing (PPP or traditional public procurement) is more efficient. Conclusion of the thesis summarizes the gained findings and also assesses which form of financing is more efficient.