%0 Journal Article %T The essence of public-private partnerships and the management of the investment policy of local governments %A Romaniuk, Paweł %J Public Management %V 2015 %R 10.4467/20843968ZP.15.018.4330 %N Issue 3 (31) %P 265-281 %K management, public administration, local government, partnership, investment policy, cooperation %@ 1896-0200 %D 2015 %U https://ejournals.eu/en/journal/zarzadzanie-publiczne/article/istota-partnerstwa-publiczno-prywatnego-a-zarzadzanie-polityka-inwestycyjna-samorzadow-terytorialnych %X Local government units in Poland are responsible for implementing a wide range of tasks that are usually associated with satisfying the basic needs of local communities. In addition, local governments are responsible for implementing processes involving local and regional development. However, the implementation of the tasks set largely conditioned by the financial possibilities that are made available to individual self-government units. In a situation where current spending consumes the largest part of the budget of local investment activity remains very limited. For help in such a situation, the legislature directs the contracting public-private partnership. Modern public-private partnership is a form of long-term, based on the principle of mutual trust – cooperation of the public sector with the private sector. The aim of such cooperation are the most common services provided, whose main task is the implementation of a public task with simultaneous benefit of the private sector. The idea of public-private partnership aims to achieve mutual benefits. On the one hand, is focused on delivering the key tasks of the public, on the other hand – on achieving commercial purposes.