PUBLIC – PRIVATE SECTORS PARTNERSHIPS WITH APPLYING ON THE EDUCATIONAL SYSTEM
Vanholland UN (EGYPT)
About this paper:
Appears in:
ICERI2012 Proceedings
Publication year: 2012
Pages: 4282-4286
ISBN: 978-84-616-0763-1
ISSN: 2340-1095
Conference name: 5th International Conference of Education, Research and Innovation
Dates: 19-21 November, 2012
Location: Madrid, Spain
Abstract:
The education expenses have become a high load over the countries funding education. This results that these countries started to get loans to cover the budget deficits. Therefore, it was necessary that a new system should be set to reduce the deficits of the governmental budgets without affecting the educational activities in these countries. This was when the public – private sectors partnerships appeared. These partnerships mean that the private sector should be involved in establishing universities, sponsoring the scientific research and even at the level of pre-university education in building schools. But the question is what will the private sector benefit from involving in such activities? The answer is that it depends on the type of each contract. It may attain the project revenues for twenty years; collect little fees for certain number of years, or take the right of the scientific production for a certain period. The government could also pay back the invested amounts on installments plus the interest. Thus, many Egyptian experiences can be modeled and internationally, many countries such as Canada, USA and India have used such partnerships in different fields such as the projects of infrastructure.