Public-private partnership — an actual form of implementation of infrastructure projects
Public-private partnership — an actual form of implementation of infrastructure projects
Annotation
PII
S042473880003324-5-1
DOI
10.31857/S042473880003324-5
Publication type
Article
Status
Published
Authors
K. Druzhkov 
Affiliation: National Research University of Information Technologies, Mechanics and Optics
Address: Russian Federation, Saint-Petersburg
V. Eremin
Affiliation: GSPA at Lomonosov Moscow State University
Address: Russian Federation, Moscow
Pages
111-115
Abstract

This article is about actual form of cooperation between states and the corporate partners in big infrastructural economic projects — public-private partnership. The mechanism of public-private partnership helps states to optimize using of state budget resources on the implementation of important, but expensive projects in key areas of national economy. In long-term period, states can realize more socially significant projects. Private business in public-private partnership has an opportunity to realize major, long-term projects and to share risks of the project implementation with state partners. Without state participation, the implementation of such significant projects would be impossible because of the high cost of debt financing. The profitability of the project would be negative, because of the high level of risk, so the likelihood of completion of the project on time and with the necessary result would be minimal. The first experience of implementation of public-private partnership appeared long before the 20th century. Legal regulation of public-private partnership differs in different countries. In many countries there are special bodies for project management in public-private partnership. In the world practice public-private partnership projects are implemented in a wide range of industries from the construction of highways to hospitals. In the Russian practice of public-private partnership there are already a number of significant successful projects implemented. In this case, there are our own special problems and features.

Keywords
Public-private partnership, state procurement, concession, investment fund, private partner
Date of publication
15.01.2019
Number of purchasers
1
Views
583
Readers community rating
0.0 (0 votes)
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References

1. Belitskaya A.V. (2013). Legal Regulation of Public Private Partnership. Monograph. Moscow: Statute (in Russian).

2. Delmon D. (2010). Public Private Partnership in Infrastructure: Practical Guide for Public Authorities. — Available at: http://www.fcpf.ru/upload/iblock/7ac/Jeff%20Delmon_PPP_russian.pdf (accessed: January, in Russian).

3. Emelianov Y.S. (2013). Public Private Partnership: Innovation and Investment. Moscow: World and Domestic Experience, Librokom (in Russian).

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