scholarly journals Public-private partnership (PPP): legal regulation, techniques and practice in the context of industrialization

2020 ◽  
Vol 208 ◽  
pp. 06003
Author(s):  
Oksana Trotsenko ◽  
Oleksandr Batanov ◽  
Natalia Simachkova
Keyword(s):  
Road Construction ◽  
Legal Regulation ◽  
Public Private Partnership ◽  
The State ◽  
Infrastructure Projects ◽  
Social Infrastructure ◽  
Private Partnership ◽  
Optimal Form ◽  
Foreign Experience

In the article, public-private partnership (hereinafter - PPP) is analyzed as one of the ways to implement infrastructure projects. This form of cooperation arises primarily in those areas for which the state bears responsibility (for ex-ample, road construction, housing and communal services, healthcare, con-struction of social infrastructure facilities, etc.). Due to the strategic importance of the above spheres of the economy, the state can not completely abandon control over their functioning. At the same time, there is a need to maintain the operability of the objects included in them, as well as to attract additional (in addition to budget) funding. Based on foreign experience, the most optimal form of cooperation in this case is PPP.

Global Diffusion of P3 Policy: Learning Perspectives for Social Infrastructure

2020 ◽  
Vol 25 (3) ◽  
pp. 312-332
Author(s):  
Carsten Greve ◽  
Graeme A. Hodge
Keyword(s):  
Experimental Approach ◽  
Public Private Partnership ◽  
Public Works ◽  
Policy Learning ◽  
Infrastructure Projects ◽  
Social Infrastructure ◽  
Technical Approach ◽  
Private Partnership ◽  
Space And Time ◽  
Global Diffusion

No matter how widely they may be defined, new social infrastructure projects can learn much from previous public–private partnership (P3) policies as well as from current global experience. What can be learned, though, and how? This article adopts a theoretical policy learning perspective and investigates what public works researchers and policymakers might get out of focusing on policy learning in more detail. Three perspectives are presented as follows: the technical approach, the professional/coalitional approach, and the experimental approach. International case illustrations are presented to illustrate P3 policy learning over space and time.

scholarly journals Affordable social infrastructure vs public-private partnership

2021 ◽  
Vol 17 (3) ◽  
pp. 339-348
Author(s):  
Vitaly Maximov
Keyword(s):  
Social Services ◽  
Private Investment ◽  
Public Private Partnership ◽  
The State ◽  
Infrastructure Development ◽  
Social Infrastructure ◽  
Private Partnership ◽  
Economic Mechanism ◽  
Wide Range ◽  
Private Investors

The article is devoted to the problems of sustainable development of social infrastructure and social services, which are beyond the effective demand of large cities, cannot develop according to market laws, and provide the necessary level of infrastructure fullness. Despite 45.9% of private companies in the social sectors, the vast majority of real estate objects continue to be owned by the state, forming the need to find economic mechanisms for the development of state social infrastructure, outside of limited budget opportunities. The possibility of attracting private investment in new construction and reconstruction without alienating the ownership right to it makes public-private partnership (PPP) and the economic mechanism based on it have no alternative. However, its practical application suffers from asociality, leading to the appearance of state-owned facilities where private investors conduct exclusively commercial activities. The apparent budget savings lead the state, judicial and supervisory authorities in such territories to a strategic failure, reducing the number of state facilities operating at state prices, ignoring the requests of the population for affordable social infrastructure, increasing social tension in society. This work is aimed at studying the irrational behavior of private investors, the stability of which is provided by the PPP mechanism, where the state determines the necessary level of the sociality of infrastructure objects that best corresponds to the existing stratification of residents of a certain territory through competitive procedures and essential conditions of the future project. It is necessary to continue research on improving federal legislation, whose social neutrality leads to conflicting expectations of the parties from PPP, adding sensitivity to a wide range of risks, repelling private investment and investors, limiting infrastructure development only to budget opportunities. The development of an economic mechanism that ensures finding a balance of accessibility and market rationality of social facilities is not an easy task, which has many solutions taking into account the characteristics of a particular territory and its population

scholarly journals ACTUAL PROBLEMS OF STATE FINANCING IN THE CONTEXT OF IMPLEMENTATION OF PARTNER INFRASTRUCTURE PROJECTS OF THE STATE AND BUSINESS

2021 ◽  
pp. 79-93
Author(s):  
Bohdana SHULIUK
Keyword(s):  
Public Funding ◽  
Public Private Partnership ◽  
The State ◽  
Infrastructure Projects ◽  
State Support ◽  
Local Authorities ◽  
Private Partnership ◽  
State And Local ◽  
State Financing ◽  
Financial Participation

Introduction. An integral condition for the efficient functioning of the economy is the constructive financial interaction between the state and business. Such cooperation is due to the need to improve the infrastructure sectors, the efficiency of which affects not only the welfare and quality of life, but also creates the conditions for intensifying investment activities and increasing productivity in the fields of material production. However, modernization of infrastructure is not possible only at the expense of private partners, so it requires financial participation of state or local authorities. The purpose of the article is to identify the problems of public funding of public-private partnership infrastructure projects in Ukraine and to develop recommendations for their solution, taking into account the best world practices. Results. The study showed that public funding of public-private partnership projects in Ukraine is carried out through the use of direct and indirect state support. It is established that its forms are insufficiently adapted in domestic practice, as they have a restrictive nature of action, and also contain many gaps in the legislation. Conclusions. Increasing the investment attractiveness of infrastructure projects implemented on the basis of public-private partnership requires state support. At the same time, state and local authorities should adhere to the provisions: providing state support in the process of implementing strategically important PPP projects in the field of socio-economic activities by legislative regulation of the procedure for determining the level of contribution of a supported investment project; determining the type of financial participation of the state (provision of state guarantees, subsidies or budget investments) should be based on economically justified performance indicators; involvement of state representatives to assess the feasibility of choosing certain forms of state support, forecasting the possible risks to prevent budget imbalances; ensuring transparency of public funding of PPP projects, which will increase the level of confidence in the investment market.

scholarly journals Legislative conflicts of development of the financial mechanism of public-private partnership in Ukraine

2020 ◽  
pp. 28-32
Author(s):  
Bohdana Shuliuk
Keyword(s):  
National Level ◽  
Public Private Partnership ◽  
The State ◽  
Entrepreneurial Activity ◽  
Practical Implementation ◽  
Social Infrastructure ◽  
Private Partnership ◽  
Economic Sphere ◽  
Legislative Support ◽  
Financial Mechanism

Purpose. The purpose of the article is to study the legislation governing the formation and operation of the financial mechanism of public-private partnership, as well as to substantiate measures to address its gaps. Methodology of research. The following methods are used in conducting the research: an analysis and comparison – in study the normative and legal acts in relation to adjusting of financial mechanism of public-private partnership. The logical assessment was used to substantiate proposals for improvement and the main aspects of the development of legislative support of this mechanism. The generalization was used in the process of formulating conclusions based on the results of the analysis. Findings. It is established that normative and legal base for the development of the financial mechanism of public-private partnership is at the stage of formation, accompanied by a number of problems and constraints that hinder the development of the mechanism. It is multilevel, confusing, complex and bureaucratic. Therefore, the need to develop a state strategy for the development of partnership between the state and business at the national level is substantiated; establishing compliance between the legislation of general and specialized action; development and adoption of legislation that would regulate the partnership between the state and business in various types of economic activities and areas of social infrastructure, etc. Originality. Recommendations have been made to improve the legislative support for the development of the financial mechanism of public-private partnership, which, in contrast to the existing ones, will make it possible to resolve contradictory provisions in the field of cooperation between the state and business. Practical value. The practical implementation of the proposed measures will create favourable legislative conditions for the development of this mechanism, which will allow to solve state problems in the economic sphere and social infrastructure, as well as to stimulate entrepreneurial activity. Key words: financial mechanism, public-private partnership, legislation of Ukraine, economic sphere, social infrastructure, priorities of budget financing.

scholarly journals ATTRACTION OF INVESTMENTS USING THE OFFSET AGREEMENT

2020 ◽  
pp. 98-104
Author(s):  
A. Y. Petrakov
Keyword(s):  
Russian Federation ◽  
Legal Regulation ◽  
Public Private Partnership ◽  
The State ◽  
Private Partnership ◽  
Federal Level ◽  
Investment Volume ◽  
The Subject ◽  
Investment Agreement ◽  
The Russian Federation

The article is devoted to an offset agreement (a state agreement which is providing for counter-investment obligations of a supplier-investor to create or modernize and (or) develop production of goods in the territory of a subject of the Russian Federation to provide the state needs of a subject of the Russian Federation). In addition to the legal regulation of offset agreements, their subject composition is also determined, and the features of their conclusion are highlighted. The study analyzed all 4 offset contracts currently signed in Moscow and the Moscow region. According to the author, the offset agreement is an investment agreement, and the interaction of the subject of the Russian Federation and the supplier-investor in the implementation of the offset agreement can be qualified as a public-private partnership that is beneficial to both the state and business: the benefits that are received by the subject of the Russian Federation and the supplier-investor are given. As an improvement of the legal regulation of offset agreements, the author suggests providing for the possibility of concluding them at the federal level, as well as differentiating the minimum investment volume depending on the level of socio-economic development of the subject of the Russian Federation. The conclusion is made that public-private partnership, carried out in the analyzed form of agreement, is a promising mechanism for attracting investment in the constituent entities of the Russian Federation.

scholarly journals Models and forms of public and private partnership in modern conditions

2020 ◽  
pp. 169-175
Author(s):  
Z. B. Sadykova
Keyword(s):  
General Scheme ◽  
Public Private Partnership ◽  
The State ◽  
Entire Period ◽  
Innovative Development ◽  
Infrastructure Projects ◽  
Public And Private ◽  
Private Partnership ◽  
Optimal Variant ◽  
Long Time

In economics many attempts are made to reveal the essence of such concepts as the model and form of public and private partnership. In addition, in modern practice, in the process of searching for the most optimal variant of interaction between the state and private structures, there is a wide variety of forms, types and models of public private partnership. Throughout the entire period of transformation of the economy of Kazakhstan, many of them were underestimated, despite the fact that they cover the basic aspects of society and ensure their harmonious development. For quite a long time, the state cannot fully implement many major infrastructure projects. Various forms and models of partnership between the state and private entities could help to solve these problems. Moreover, in the context of innovative development, this type of interaction between government and business will receive a new impetus in the development and application of new forms of public private partnership that meet modern realities. It should be noted that the conditions of contractual relations in our country are usually extremely complex and unstable. All this requires the creation of a contractual procedure that would include the entire general scheme of the main elements of such contracts, taking into account their features.

scholarly journals Foreign experience in the implementation of publicprivate partnership projects in the field of health and education

Upravlenie ◽  
2019 ◽  
Vol 7 (1) ◽  
pp. 35-39 ◽  
Author(s):  
Fail Ibyatov
Keyword(s):  
Private Sector ◽  
Public Private Partnership ◽  
Social Infrastructure ◽  
Private Partnership ◽  
The Public ◽  
Foreign Experience ◽  
Social Sphere ◽  
Education And Health ◽  
The Social ◽  
Short Period

Public-private partnership acts as a form of effective interaction between the public partner and private investors in order to solve various social problems. The social sphere, being mainly the object of direct public administration and financing, is experiencing significant needs in resources, the introduction of modern management methods and advanced technologies. Budget funds do not allow to fully and in a short period to solve these problems, so it becomes necessary to attract directly the competencies and investments of the private sector. Education and health are at the center of the social sectors. The relevance of the use of public-private partnership in the social sphere is due to the fact that in a relatively short period of time it is possible to eliminate gaps in the development of social infrastructure by combining efforts, funds, risks of two economic entities – the state and business. The study of foreign experience in the implementation of socially significant projects using public-private partnership tools is necessary to assess the possibility of using similar models in Russia. Interaction between the state authorities and the private sector in terms of pooling resources and potentials within this task will actively attract investment, efficiently and timely implement social projects, improve the quality of social services to the population, increase the level of management of social infrastructure, promote the development of public institutions of the social sphere. At the same time, the public-private partnership will help to use effectively financial resources, experience and professionalism of the private sector while maintaining state control over social assets. Based on the analysis of the uncovered need for resources for the accelerated development of the social sphere, the author of the article proposes: the launch of new mechanisms of financial support from the Federal budget and the increase in budget funding for the purpose of providing “budget leverage” in public-private partnership projects; improvement of legislation in the field of public-private partnership to eliminate “barriers” and simplify the procedure for launching public-private partnership projects in education and health care; updating planning documents (changing existing documents of state strategic planning), including with a view to change priorities in infrastructure development and the mechanisms used for this.

scholarly journals The algorithm of structuring a large infrastructure project in the form of public-private partnership

2018 ◽  
Vol 4 (1) ◽  
pp. 005-018
Author(s):  
Yana V. Sokolova
Keyword(s):  
Magnetic Levitation ◽  
Public Private Partnership ◽  
The State ◽  
Infrastructure Projects ◽  
Private Partnership ◽  
Transport Accessibility ◽  
State Management ◽  
Dialectical Approach ◽  
Analysis And Synthesis ◽  
The Moment

The Public-Private Partnership (PPP) is one of the most crucial tools for modernisation development of the state management system, a new concept of cooperation between the state and business. Therefore, it is highly significant to develop the scientific approaches to structural arrangement of infrastructure projects in the form of PPP. The first step towards this is the construction of algorithm of this process, which has been made in this paper. The state is actively participating in the realisation of large infrastructure projects. A new legislative base, which regulates the priority of the infrastructure, is being formed. With the realisation of the planned projects, only a range of transport accessibility problems is solved. Whereas, the issues of development of transit potential of the country, the increase of transport accessibility of various regions, bolstering the mobility of population, etc. remain open. An ambitious task to create an alternative transport “arteriole” through the Russian Federation territory may be solved by means of the Russian elaborations of the innovative transport technology on the basis of magnetic levitation. In order to justify the feasibility of such a large project in the form of PPP, the structuring algorithm has been developed, which enables assessing the project at all viewpoints, starting from the moment of the idea of its realisation to the point of its operation, to determine the time costs, and other constituents of the process influencing the project. The elaboration is based on a dialectical approach to the study of the innovative development, the application of scientific methods of the analysis and synthesis, classification, expert’s assessments, mathematical statistics, the geographical image of the data, which enable ensuring the reliability of the results and the validity of conclusions. Creating instruments for structuring aims at exploring and expanding mechanisms of cooperation between the state and private business within PPP.

Mechanisms for Regulating the Labor Resources of Rural Territories

2020 ◽  
pp. 54-57
Author(s):  
N.M. Edrenkina ◽  
◽  
A.E. Lisitsin ◽  
Keyword(s):  
Rural Areas ◽  
Public Private Partnership ◽  
State Regulation ◽  
Social Infrastructure ◽  
Private Partnership ◽  
Labor Resources ◽  
Labor Potential

The tendencies of state regulation of the labor potential of rural territories are revealed, which prove the lack of effective mechanisms of its reproduction. Mechanisms to increase the efficiency of state regulation of the labor potential on rural areas, aimed primarily at creating jobs and the number of people employed in the segment of small and medium-sized business are proposed. Thanks to public-private partnership in this area, it is possible to reduce budget expenditures on the development of social infrastructure.

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