Risk management in public-private partnership and an evaluation on Turkey

In this study, risk management has been examined in the public-private sector partnership which has attracted great interest in all over the world. Although the public private sector partnership market has reached level of 127 billion dollars in Turkey, it is an area where the academic community has not received enough attention. Public private sector partnership projects are signed for very long periods of time and this situation has many future risks for the public sector and society. In this study, firstly, the types of risks that may occur in the public private sector partnership are explained. In particular, different types of risks that may arise due to the public damages that may be incurred by the public, and the poorly designed aspects of the contract are evaluated. The basic principle of risk management is to determine the right choice of projects and to choose projects which provide social welfare. In particular, different types of risks that may arise due to the public damages that may be incurred by the public and the poorly designed aspects of the contract are evaluated. It was tried to be presented that the main principle in risk management has to be the choosing of right project and the sustaining of welfare. In addition, the fact that risk management has been put on the public by a law in Turkey is discussed. The result reached is the need for a legal framework for a better public private sector cooperation market and transparent management is the only way to achieve international finance