scholarly journals Relational model of public-private partnership in railway transport

2020 ◽  
Vol 79 (5) ◽  
pp. 261-270
Author(s):  
N. F. Sirina ◽  
V. P. Pershin
Keyword(s):  
Public Private Partnership ◽  
The State ◽  
Transport Infrastructure ◽  
Automated System ◽  
Relational Model ◽  
Main Task ◽  
Railway Transport ◽  
Railway Network ◽  
Private Partnership ◽  
Software Complex

The main task facing the state is the solution of publicly significant issues to achieve public interests. Moreover, not every country has the necessary resources, especially in an unstable economic situation. In this case, increasing the efficiency of natural monopolies in the conjuncture of the transport market becomes the most relevant direction in government activities.The article is devoted to the issues of public-private partnership in railway transport. First of all, projects with private capital that are being implemented should eliminate the limiting sections of the Russian railway network and ensure the development of large industrial regions by creating an extensive transport network, the formation of which is impossible without the participation of the state.To increase the attractiveness of public-private partnership projects, the authors, taking into account the foundations of human capital management, have considered aspects of the additional effect for partners, which are defined by the concept of “relational effect”. Positive dynamics of socially oriented indicators, unaccounted in the agreement of the parties, reflect the presence of benefits from joint activities and positive relational effect, while negative change — about its absence.Based on the studies performed, a mechanism for controlling operating costs based on an integral assessment has been proposed, which makes it possible to analyze the actual direct costs of partners and compare deviations from the established standards. This mechanism is used in the state vertically integrated procedure for centralized training of authorities in public-private partnership. The general algorithm of the relational model of interaction between investment parties is formalized, illustrated by the example of the implementation of a project for the construction of a railway transport infrastructure.Mathematical support for the process of considering information on the project and making a decision on concluding an agreement on public-private partnership was carried out in the program “Automated system for consolidation, selection and control of the implementation of innovative projects of concession forms of management in railway transport”. The results obtained are integrated into the software complex for innovative development of facilities and are tuned for transformation, effective use of the potential of partners, investors, performers and industry enterprises.

scholarly journals Priority-partnership approach as a mechanism for encouraging investment activities at the railway transport

2019 ◽  
Vol 67 ◽  
pp. 04014
Author(s):  
Oleg Vasyliev ◽  
Volodymyr Volokhov ◽  
Inna Volokhova ◽  
Olena Lukianova ◽  
Hanna Zhovtiak
Keyword(s):  
Global Economy ◽  
Structural Changes ◽  
Public Private Partnership ◽  
The State ◽  
Railway Transport ◽  
Public And Private ◽  
Private Partnership ◽  
The Public ◽  
Modern Economic ◽  
Partnership Approach

Modern economic conditions and the integration of the national economy into the global economy require structural changes and a search for a new model of relationship between the public and private sectors. The relevance of this article is determined by the fact that the existing scientific concepts have not formed a general understanding of the theoretical aspects for the implementation of public-private partnership at the railway transport, have not established development priorities and tasks of the state in the implementation of the mechanism of public-private partnership at the railway transport. Realization of the projects capable of maintaining implementation of the development priorities of the railway industry requires significant investments of private business and financial, organizational and legal support of the state. The authors substantiate the necessity of using public-private partnership at the railway transport of Ukraine for solving the most urgent current problem – renewal of the material and technical resources and bringing them in line with the requirements of the leading European countries. The proposed priority-partnership approach and the obtained results open up new opportunities for further research into the solution of the problem regarding the implementation of public-private partnership at the railway transport.

PUBLIC-PRIVATE PARTNERSHIP: CHARACTERISTICS AND DIFFERENCES FROM PUBLIC PROCUREMENТ

2017 ◽  
Author(s):  
Larysa Lazebnyk ◽  
◽  
Yevhenii Nuriakhmetov ◽  
Keyword(s):  
Sewage Treatment ◽  
Public Private Partnership ◽  
The State ◽  
Economic Life ◽  
Transport Infrastructure ◽  
Practical Implementation ◽  
Value For Money ◽  
Private Prisons ◽  
Private Partnership ◽  
Telecommunications Infrastructure

Рublic-private interactions have become commonplace in the economic life of many countries. Governments, state-owned enterprises and organizations use various forms and mechanisms to attract private capital to fulfill the main responsibilities of the state - the provision of socially important public services related to the development and maintenance of transport infrastructure (roads, bridges, tunnels, parking lots), water supply, social housing, telecommunications infrastructure, sewage treatment plants, museums, schools, hospitals, and in some countries even private prisons. The state turns to such an instrument of contractual agreements with private partners as public- private partnership in order to bridge the gap between available resources and funds needed to finance projects in the above areas, diversify supply, ensure optimal value for money, allocate not only costs but and risks. Using the definition of public-private partnership, which is given by authoritative international organizations, contained in the Law of Ukraine "On Public- Private Partnership" and research, the article describes the key features of public-private partnership. These are the distribution of risks, the conflict of interests of partners, the problem of agency relations, longevity. The main attention is paid to identifying the specifics of PPP from the standpoint of differences from traditional procurement. This analysis distinguishes the requirements for these two types of contracts between public and private entities and identifies factors that may lead to wrong choices and thus discourages the desire to optimize value for money in the provision of socially necessary services. Awareness of the peculiarities of PPP will contribute to the success of its future implementation and practical implementation in Ukraine.

scholarly journals IMPROVEMENT OF THE PUBLIC-PRIVATE PARTNERSHIP SYSTEM IN THE ROAD TRANSPORT SERVICES MARKET

Management ◽  
2020 ◽  
Vol 31 (1) ◽  
pp. 25-37
Author(s):  
Danyil V. Laponoh
Keyword(s):  
Private Sector ◽  
Private Investment ◽  
Road Transport ◽  
Public Private Partnership ◽  
The State ◽  
Transport Infrastructure ◽  
Private Partnership ◽  
The Road ◽  
Transport Services ◽  
Effective Form

Introduction. The active use of the institution of public-private partnership (PPP) allows us to distinguish PPP from the totality of financial and economic relations between the state and the private sector based on the principles of equality and freedom of PPP participants, stability of the agreement and its flexibility, responsibility of the parties, competitiveness, non-interference, incentive and guarantees, retribution.The research hypothesis. The algorithm for selecting and assessing the effectiveness of projects in the road transport market to select the most effective form of financing with the participation of the state and the private sector will create conditions for attracting private investment in the development of transport infrastructure on the basis of public-private partnership.The purpose of this article is to improve the system of public-private partnership in the market of road transport services.The methodology of the study: expert, statistical, comparative, factor and scenario analysis; empirical data analysis using grouping, generalization methods.Results. An algorithm for selection and evaluation of the efficiency of projects in the sphere of the road service market to select the most effective form of financing with the participation of the state and the private sector has been proposed and tested, in particular: four alternative options for project financing to select the optimal one (state order, life cycle contract (LCС) without extra-budgetary financing, LCС with extra-budgetary financing, concession agreement); clarification of the methodology for evaluation of commercial, socio-economic and budgetary indicators of the road service market.Conclusions. Theoretical provisions developing the methodological basis of public-private partnership were formulated, including: the concept of public-private partnership was defined and its main principles were highlighted; classification of PPP forms and models was proposed taking into account the existing world and national practice; methodological tools for evaluation of PPP projects efficiency were improved.

scholarly journals AN EXAMINATION OF PUBLIC-PRIVATE PARTNERSHIP IN TOURISM DEVELOPMENT IN NIGERIA: THE “CALABAR CARNIVAL” EXPERIENCE.

2017 ◽  
Vol 2 (1) ◽  
pp. 13-25
Author(s):  
Ozili, P. C. ◽  
Aniagolu, C. O. ◽  
Maluze,. F. O
Keyword(s):  
State Government ◽  
Tourism Development ◽  
Public Private Partnership ◽  
The State ◽  
Transport Infrastructure ◽  
Private Partnership ◽  
Cross River ◽  
Cross River State ◽  
Adequate Funding ◽  
The Cross

The importance of tourism development in a nation’s economy and sustainable development cannot be overemphasized. The Cross River State Government in Nigeria took the bull by the horn by initiating the “Calabar Carnival” in 2004 with the intention of making the state one of the best tourist destinations in Africa. The Carnival gained popularity but insecurity, poor infrastructural facilities, poor funding amongst others have reduced greatly the progress made by the carnival. This paper therefore tried to X-ray how the success of the carnival could be improved through Public-Private Partnership (PPP). The study adopted the descriptive research method in which data was collected from document of the Cross River State Tourism Bureau (CRSTB), Cross River State Carnival Commission (CRCC) and other published and unpublished materials. The study found out that the carnival has not made serious progress because it is fully organized by CRSTB and CRCC. The study then recommended PPP as a way forward stating that PPP would ensure adequate funding for tourism development in the state, provide tourism support and transport infrastructure while at the same time ensuring security of tourist, maintenance of tourism projects and adequate training of tourism workers to mention only but a few.

scholarly journals Public-Private Partnership as a Financial Instrument for the Transport Infrastructure Modernizing

2018 ◽  
Vol 170 ◽  
pp. 05012 ◽  
Author(s):  
Ivan Makarov ◽  
Vladimir Plotnikov
Keyword(s):  
Public Private Partnership ◽  
The State ◽  
Transport Infrastructure ◽  
Private Capital ◽  
Infrastructure Development ◽  
Private Business ◽  
Effective Mechanism ◽  
Private Partnership ◽  
Modern Economy ◽  
Mechanism Of Interaction

In the modern economy, there are problems associated with investing in infrastructure development. Its facilities are public goods. Therefore, private business is not interested in their creation and development. And the state does not have sufficient resources to solve the problems of infrastructure development. Therefore, the mechanism of interaction between the state and business on the basis of public-private partnership (PPP) has spread in this sphere. The analysis shows that the forms of PPP depend on the country (region) and industry. Therefore, increasing the effectiveness of PPP, as the authors have shown, should be based on the specificity of projects. The article analyzes the experience and perspectives of PPP development in the Russian transport industry. The authors concluded that the interaction of power and private capital is the most effective mechanism in modern conditions for the creation and development of transport infrastructure in Russia. At the same time, the article focuses on the financial component of PPP in transport.

scholarly journals Optimizing Public Private Partnership in Implementation of Railway Transport Projects in Kenya: A Case of the National Standard Gauge Railway

2020 ◽  
Vol 5 (6) ◽  
Author(s):  
Rose Wanja Kinyua ◽  
Mary Nyawira Mwenda
Keyword(s):  
Standard Deviation ◽  
Quantitative Data ◽  
Public Private Partnership ◽  
Transport Infrastructure ◽  
National Standard ◽  
Strong Positive Correlation ◽  
Railway Transport ◽  
Statistical Tools ◽  
Private Partnership ◽  
Transport Project

All over the world, the growing demand for transport infrastructure is on its high and with it comes overstretched and widened fiscal constraints, leading governments to seek specialized financing cooperation between the public and private sectors, known as Public-Private-Partnership (PPP). This study sought to investigate the influence of public-private-partnership on implementation of railway transport project: A case of Standard Gauge Railway in Kenya. The objectives of the study were to determine the influence of public-private-partnership’s financing and private consortium on implementation of railway transport project. The study was grounded on the Agency and Game theories. The study adopted both descriptive survey and interview research designs. The study’s target population was the staff working at Kenya Railways, standard gauge railway consultant, standard gauge railway consultant contractor and PPP Unit, totalling to 100 respondents. The study’s sample size was 94. The study adopted purposive and stratified random sampling techniques. Quantitative data was collected through closed ended questionnaires while qualitative data was collected through interview guides. The quantitative data was coded by Statistical Packages for Social Sciences (SPSS). The statistical tools of analysis used for descriptive data were arithmetic mean and standard deviation, with the variables attaining a composite mean ranging between 3.885 and 4.195 and standard deviation ranging between 0.864 and 0.932. The statistical tools of analysis used for inferential statistics was Pearson Moment Correlation, with the variables attaining a strong positive correlation ranging between 0.735 and 0.889. The study concluded that public-private partnership’s financing and private consortium influence implementation of railway transport project. The study recommended that governments adopt public-private-partnership as the way forward to railway projects’ implementation and private consortium to have organization cultures that are simple to understand.

scholarly journals PUBLIC-PRIVATE PARTNERSHIP AS A MECHANISM FOR FINANCING INFRASTRUCTURE MODERNIZATION

2019 ◽  
Vol 5 (1) ◽  
pp. 112 ◽  
Author(s):  
Olha Kravchenko
Keyword(s):  
Swot Analysis ◽  
Financial Burden ◽  
Public Private Partnership ◽  
Innovative Development ◽  
Railway Transport ◽  
Private Business ◽  
Railway Network ◽  
Private Partnership ◽  
The Public ◽  
Financing Infrastructure

The article is devoted to the study of the possibilities of attracting private business for financing stateowned infrastructural facilities. The purpose of the paper is to study the practice of attracting private business for the modernization of infrastructure, including railway and the development of an approach to the formation of a variety of infrastructural objects transferred to the public-private partnership, based on an assessment of the possible reduction of their potential. Methodology. The study is based on an empirical analysis of data on the practice of financing infrastructure modernization, as well as a SWOT analysis of the prospects for the development of European railways. Results of the research showed that the public-private partnership has significant advantages over the budgetary one due to not only reducing the financial burden on the state budget but also increasing the efficiency of using state-owned facilities. In the field of railway transport, the volume of public-private partnership and the number of projects being implemented is insignificant due to significant state interference in its activities. SWOT analysis showed that railways have significant development potential, and its further increase will be achieved not through expansion of the network, but its modernization and innovative development. The dangers of the development of railways are associated with possible ineffective state policy in the field of railway transport. However, the complete transfer of the rail infrastructure to private business is not expedient since it is of strategic importance. The determination of the list of facilities for transfer to public-private partnership should be based on an analysis of the degree of their interest in private business, the need for their modernization and the possibilities for its financing. These objects are sections of the railway network included in transport corridors, as well as providing access to seaports. At the same time, the criterion of the first priority of the transfer of objects for the public-private partnership should be based on an assessment of the change in their production and economic potential when postponing modernization. Value/originality. The implementation of the proposed approach to the selection of infrastructure facilities for public-private partnership will allow not only carrying out technical and technological renovation of the railway infrastructure, preserving the integrity of the strategic transport network, but also minimizing possible economic and social losses due to underfunding of its innovative development.

Relational potential of Public-Private Partnership objects of railway transport

2020 ◽  
pp. 3-16 ◽  
Author(s):  
Nina Fridrikhovna Sirina ◽  
◽  
Vitaliy Pavlovich Pershin ◽  
Keyword(s):  
Swot Analysis ◽  
Legal Regulation ◽  
Public Private Partnership ◽  
Railway Transport ◽  
Railway Network ◽  
Private Partnership ◽  
Foreign Countries ◽  
Railway Infrastructure ◽  
Investment Object ◽  
Methodological Aspects

The paper reveals the etymology of the Public-Private Partnership (PPP) and features of legal regulation in Russia. The authors have carried out an analysis of the main modern models of legislative management in this sphere of legal relations in foreign countries. Moreover, they consider the main projects of construction and reconstruction of the JSC RZD railway infrastructure implemented or planned for implementation on the principles of PPP. The SWOT analysis identified not only the risks of using existing forms of PPP in Russia but also the high potential of using such projects on the railway network contributing to the rapid renewal and development of public infrastructure to meet the needs of customers and the population with budget savings. However, at the present stage, methodological aspects of the legislative calculation and assessment of project efficiency, complexity of regulatory and legal interaction of parties and a process of investment return hinder the rapid implementation of PPP system on the railway transport in the Russian Federation. The authors propose a modification of direction for strategic planning of operation of investment objects through relational interaction of parties to the agreement by creating a state system of instances of PPP. For this purpose, they introduce a concept of «relation potential of Public-Private Partnership instances» that characterizes a complex availability of reserves from parties to ensure the long-term functioning of the chosen strategy. The paper provides a method of integral performance assessment of PPP project that allows analysing the efficiency of using allocated resources and assessing the potential of investment object exploitation.

PUBLIC-PRIVATE PARTNERSHIP AS A TOOL TO INCREASE THE EXPORT OF RUSSIAN COAL

2020 ◽  
Vol 2 (1) ◽  
pp. 372-378
Author(s):  
N.V. EFIMOVA ◽  
◽  
F.Y. FILIMONOV ◽  
Keyword(s):  
Energy Security ◽  
Public Private Partnership ◽  
The State ◽  
Coal Miners ◽  
Railway Network ◽  
Beneficial Result ◽  
Private Partnership ◽  
Current State ◽  
Special Relations ◽  
The One

Currently, conditions for the development of special relations between the state and business are being created, with mutually beneficial result. First, such relationships are necessary in strategically important sectors, such as energy security, where the infrastructure level is of particular importance. Public-private partnership is just such a type of cooperation, solving the issues of developing a specific type of business on the one hand and improving the economic situation in the country on the other. The need to implement major infrastructure projects in the railway sector is caused by the current state of rail-cars and the railway network itself. Solving these problems together with the state through public-private partnerships can provide real support to Russian coal miners in increasing export.

scholarly journals Particularities of public-private partnership in the social field of the republic of Moldova

2019 ◽  
Vol 13 (1) ◽  
pp. 411-420
Author(s):  
Irina Călugăreanu
Keyword(s):  
Real Estate Market ◽  
Public Private Partnership ◽  
The State ◽  
Transport Infrastructure ◽  
Social Field ◽  
Private Partnership ◽  
State Institutions ◽  
Republic Of Moldova ◽  
The Social ◽  
The Republic

Abstract The evolution between the state institutions and entrepreneurship relations in developed and developing countries has proved that their constructive interaction is the most important factor for successful socio-economic development. The constantly growing gap between the needs of the population for public services, infrastructure, requirements for them, and budget constraints led to the development of partnership relations between the state and business structures. Most often, the interaction between business and state institutions is found in such areas as state property management, regional development, the real estate market, infrastructure support on technological development, transport infrastructure, utilities, medical and educational services. But to a greater degree public-private partnership, especially in the form of a concession, is applied in the field of transport and directly in road construction and we would like to emphasize that this practice is quite broad with rich experience. Interest in PPP mechanisms in other areas of activity is primarily due to the budget deficit. Without attracting the resources and potential of the institution of entrepreneurship, it is impossible to solve the task of developing a particular socially significant sphere in the context of a lack of budgetary resources. Therefore, taking into account the condition of the Republic of Moldova social sphere, more interesting is the issue of the extension of PPPs in the public sector. Therefore, the article is dedicated to features, tools and tendencies identification of public-private partnership in the social field within the Republic of Moldova.

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