| Abstract [eng] |
Public-Private Partnership (PPP) can be described as a contractually regulated cooperation between public authorities and the private sector to carry out infrastructure or provide public services. One of the PPP’s forms, a concession agreement, over the last several years has become an increasingly important financial instrument in EU for the funding of the public sector. However, there is no integrated legislation on concessions in EU level yet. EU Treaty does not define concessions and it is only Directive 2004/18/EB that lays down specific provisions entirely for works concessions. This master thesis analyses a concept of concession agreement under EU and Lithuanian legislation. Firstly, the concept of PPP and arguments for and against the choice of various forms of PPP are analysed and the general features typical to all PPP forms, including concessions, particularly, a contractual relationship between public and private partners, specific object of a concession (public infrastructure development and/or public services provision) and distribution of risks between the public partner and the private partner are distinguished. This master thesis also analyses the key features of a concession which are the main criteria for delimitation of a concession agreement and other PPP forms (especially public procurement agreements), i.e. the fact that the concessionaire does not or does not mainly receive a payment as a consideration for the carrying out of the services or works, but the right to exploit services or works and a transfer of major risk to private partner. In the last part of this master thesis the concept of a concession agreement under Lithuanian laws is examined and the conclusion that Lithuania follows the EU concept of a concession agreement and all of the abovementioned features are directly implemented in the Law on Concessions is drawn. |
