Why Study PPP (Public Private Partnership) with Caution? PPP Projects in the Czech Republic: Implementation and Risks

The present study analyzes the current situation in the Czech Republic as regards implementation of the Public-Private Partnership Projects (hereafter PPP projects) with the objective to identify problems which may represent significant fiscal risks.
The paper includes case studies from the recent past when public administration bodies have implemented PPP projects with very unsatisfactory results. Finally, several recommendations are presented at the end of the present paper to help minimize potential risks.