Regional institutional environment of public-private partnership: The case study of the Ural Federal District regions. Part 2

2021 ◽  
Vol 19 (1) ◽  
pp. 55-71
Author(s):  
Svetlana V. PANIKAROVA ◽  
Mikhail L. KUKLINOV ◽  
Vladimir V. YUGOV ◽  
Yana S. KHOKHRYAKOVA
Keyword(s):  
Continuous Improvement ◽  
Institutional Environment ◽  
Federal District ◽  
Public Private Partnership ◽  
Investment Climate ◽  
Private Partnership ◽  
Private And Public ◽  
Institutional Aspects ◽  
Institutional Traps

Subject. This article discusses the issues related to regulatory support for public-private partnership in the regions of the Ural Federal District. Objectives. The article aims to assess the institutional aspects of public-private partnership. Methods. For the study, we used a comparative analysis and the tabular methods to interpret the collected data. Results. The article points to the positive changes in the development of public-private partnership in the regions of the Ural Federal District. It also identifies institutional traps in local legislation and offers some recommendations to improve the investment climate. Conclusions. The article concludes that all the prerequisites for effective cooperation between private and public capitals have been created in the Ural Federal District regions. The development of public-private partnership is not possible without the continuous improvement of the institutional environment.

scholarly journals Regional institutional environment of public-private partnership: The case study of the Ural Federal District regions. Part 1

2020 ◽  
Vol 18 (12) ◽  
pp. 2276-2296
Author(s):  
S.V. Panikarova ◽  
M.L. Kuklinov ◽  
V.V. Yugov ◽  
Ya.S. Khokhryakova
Keyword(s):  
Institutional Environment ◽  
Institutional Support ◽  
Federal District ◽  
Public Private Partnership ◽  
Investment Climate ◽  
Strategic Development ◽  
Private Partnership ◽  
Administration System ◽  
The Public

Subject. This article discusses the issues related to institutional support for public-private partnership in the regions of the Ural Federal District. Objectives. The article aims to analyze the development of the regional institutional environment of public-private partnership and find regulatory deficiency. Methods. For the study, we used a comparative analysis and the graph and tabular methods to interpret the collected data. Results. The article presents certain results of the study of the institutional framework, strategic development and planning documents, the public-private partnership administration system, and the evaluation of its institutional environment. Conclusions. The local regulatory deficiency and the need to improve the investment climate of the Ural Federal District regions and attract new participants in the partnership confirm the relevance of the identified problem research.

An enhanced multi-objective optimization approach for risk allocation in public–private partnership projects: a case study of Malaysia

2014 ◽  
Vol 41 (2) ◽  
pp. 164-177 ◽  
Author(s):  
Valipour Alireza ◽  
Yadollahi Mohammadreza ◽  
Rosli Mohamad Zin ◽  
Nordin Yahaya ◽  
Norhazilan Md. Noor
Keyword(s):  
Public Private Partnership ◽  
Optimization Approach ◽  
Risk Allocation ◽  
Private Partnership ◽  
Multi Objective ◽  
Allocation Process ◽  
Private And Public ◽  
Concession Period

The decision making for risk allocation problems in public–private partnership (PPP) projects is a vital process that directly affects the timeliness, cost, and quality of the project. Fair risk allocation is a vital factor to achieve success in the implementation of these projects. It is essential for private and public sectors to apply efficient risk allocation approaches to experience a more effective process of agreement arbitration and to reduce the appearance of dispute during the concession period. The aim of this study is to develop an optimization approach to enhance risk allocation process in PPP projects. The shared risks in projects are identified through comprehensive literature review and questionnaire survey obtained from Malaysian professionals involved in PPP projects. Objective functions are then developed to minimize the total time and cost of the project and maximize the quality while satisfying risk threshold constraints. The combinatorial nature of the risk allocation problem describes a multi-objective situation that can be simulated as a knapsack problem (KP). The formulation of the KP is described and solved applying genetic algorithm (GA). Due to the flexibility of GA, the results are Pareto Optimal solutions that describe the combinations of risk percentages for shared risks in PPP projects.

scholarly journals Institutional aspects of development of regional PPP Projects

2020 ◽  
Vol 210 ◽  
pp. 13027
Author(s):  
Svetlana Chudnovskaya ◽  
Tatiana Vlasova ◽  
Mikhail Volkov ◽  
Viktoriya Tsvetkova
Keyword(s):  
Socioeconomic Factors ◽  
Socioeconomic Development ◽  
Institutional Environment ◽  
Legal Framework ◽  
Public Private Partnership ◽  
Regional Level ◽  
Private Partnership ◽  
Institutional Aspects ◽  
Private Investors

The relevance of research into institutional aspects of public-private partnership (PPP) is evidenced by the continuously increasing role of research-and-technology, information technology, territorial and socioeconomic factors of influence on the development and implementation of regional PPP projects aimed at improving social welfare and accelerating the rate of socioeconomic development of Russia’s regions. Systemic impact of technical, technological, territorial and socioeconomic factors stipulates the need for the development of institutional environment of PPPs, which implies taking measures for protecting private investments and interests of private investors. This impact also predetermines the necessity to improve the currently existing institutional models of informational-legal base that ensure integration processes of managing PPP projects, with taking into consideration of regional differences and excess investment risks. In this regard, the present paper is aimed at detecting problems of development of PPP’s institutional environment at the regional level. The solution of these problems will allow elaborating models of institutional environment having integrated legal and regulatory framework, transparent and intelligible procedures and standing orders that are necessary when implementing complex socioeconomic projects of public importance for the development of regions. The authors of the paper have defined the role of institutional environment of public-private partnership (PPP) and municipal public-private partnership (MPPP) in the development of a region. The paper provides the results of generalized analysis of factors of development of institutional environment and regulatory-legal framework at the regional level. There were defined problems entailing the performance risks concerning the support of regional projects by public partners and risks of integrated models of interagency interaction at the stages of elaboration, selection and making decisions on implementing PPP and MPPP projects, performing measures of control, maintenance, monitoring and maintaining a register of PPP projects. The results of the research given in the paper are of applied importance for both academicians and practical workers, especially in using the assessments of a development level of institutional environment and legal framework when preparing or implementing projects on improving a region.

scholarly journals Public-private partnership as a mechanism for sustainable development of the Sverdlovsk Oblast: A determinantal analysis

2021 ◽  
Vol 19 (6) ◽  
pp. 1093-1120
Author(s):  
Mikhail L. KUKLINOV ◽  
Vladimir V. YUGOV
Keyword(s):  
Federal District ◽  
Public Private Partnership ◽  
Private Partnership ◽  
The Public ◽  
Partnership Development ◽  
The Past ◽  
Internal And External Factors ◽  
Development Methods

Subject. This article discusses the role of public-private partnership in solving the priorities of the socio-economic development of the regions. Objectives. The article aims to identify institutional factors in public-private partnership development. Methods. For the study, we used the methods of statistical analysis. Results. Regarding the Ural Federal District subjects as a case study, the article examines the dynamics of public-private partnership projects development over the past decade. It considers the forms of institutional corruption and proposes certain mechanisms to overcome it. Conclusions. Analyzing key internal and external factors influencing the development of the public-private partnership system directly or indirectly will help enhance opportunities and capabilities when implementing economic projects.

scholarly journals Development of public-private partnership in Primorsky Krai: major trends, factors and prospects

2020 ◽  
Vol 2020 (3) ◽  
pp. 50-58
Author(s):  
Tatiana Aleksandrovna Levchenko
Keyword(s):  
Institutional Environment ◽  
Private Investment ◽  
Federal District ◽  
Public Private Partnership ◽  
Transport Sector ◽  
Primorsky Krai ◽  
Private Partnership ◽  
Partnership Development ◽  
Private Investors ◽  
Far Eastern

The article touches upon the problems of public-private partnership which is a relatively new tool for the regional development in Russia due to attracting additional private investments, including foreign ones, directed to the implementation of strategically and socially important projects. Today the development of public-private partnerships in the constituent entities of the Russian Federation remains uneven, there is a lack of private investment in some federal districts, including the Far Eastern Federal District, despite the priorities of the state policy. The rating of the regions of the Far Eastern Federal District by the level of public-private partnership development in 2018-2019 has been presented. There has been studied the development of public-private partnership in Primorsky Krai in comparison with other regions of the Far Eastern Federal District, the meaning of the set of its constituent factors is revealed: development of the institutional environment, regulatory support and experience in implementing projects using public-private partnership mechanisms. The different forms of support for private investors used in Primorsky Krai have been analyzed. The factors hindering the development of public-private partnership in Primorye are formulated: lack of well-functioning mechanisms of communication between business and government in the projects of investment implementation, high risks for the private partners, and difficulties in attracting the required amount of investment. To minimize their action, there have been proposed measures for promoting public-private partnership mechanisms, raising the level of awareness of private investors, creating conditions to minimize risks for a private partner, developing the competencies of state bodies, introducing advanced practices in project preparation and management, expanding the range of projects with a focus on the transport sector.

scholarly journals DEVELOPMENT OF STATE-PRIVATE PARTNERSHIP IN THE UDMURT REPUBLIC

2021 ◽  
Vol 31 (5) ◽  
pp. 783-790
Author(s):  
S.V. x S.V. Radygina
Keyword(s):  
Economic Effect ◽  
Public Private Partnership ◽  
Social Infrastructure ◽  
Private Partnership ◽  
Distinctive Features ◽  
Investment Projects ◽  
The Social ◽  
Development Institutions ◽  
Udmurt Republic ◽  
Private And Public

The article discloses the essence of the public-private partnership mechanism, various approaches to its definition, both at the level of legislative acts of the Russian Federation and international organizations (UN). Different forms of PPP projects, their peculiarities and distinctive features are described in accordance with federal laws on public-private partnership and concession agreements. Instruments are being considered to support investors implementing investment projects of social infrastructure on the basis of PPPs, from federal and regional development institutions, as well as state authorities. An analysis of the level of PPP development in the Udmurt Republic is carried out, concrete examples of successful cooperation between private and public parties on the organization of financing and implementation of the project on the basis of public-private or municipal-private partnership are given. The use of this mechanism allows to obtain a significant economic effect due to the fact that there is a personal interest of a private person in obtaining income from a built or modernized facility. In addition, the social component plays an important role, PPP allows you to direct funds to those industries that are initially considered not promising enough to conduct business, but are often of key importance for the development of the region and ensuring a comfortable urban environment for the population.

scholarly journals Institutional Support for the Development of Public-Private Partnership in the Public Governance System

2021 ◽  
Vol 2 (48) ◽  
pp. 17-22
Author(s):  
V. Y. Dankevych ◽  
◽  
O. V. Zakharina ◽  
Y. V. Zolotnytska ◽  
◽  
...  
Keyword(s):  
Institutional Environment ◽  
Institutional Support ◽  
Public Private Partnership ◽  
Capital Investments ◽  
Governance System ◽  
Economic Management ◽  
Public Governance ◽  
Public Authorities ◽  
Strategic Development ◽  
Private Partnership

Theoretic aspects of the formation and development of public-private partnership (PPP) are studied. By using a systemic approach, it is determined that the most important factor in improving the efficiency of public-private partnership is its institutional support. It is substantiated that globally, the PPP is mostly initiated by public authorities, which can be explained by a number of reasons. Firstly, public authorities are responsible for the country's strategic development. Secondly, public authorities formulate "rules of the game" for businesses and individuals, plan capital investments, and select PPP entities that are a priority in terms of public interest. In fact, it is the state that undertakes to address objectives facing society. Therefore, nowadays the importance of creating a favorable institutional environment to develop PPPs is recognized at all the levels of economic management and is emphasized in the scientific community. It is proved that the interests of public authorities, private businesses and the community are reconciled through the complementation of political, legal, and socio-economic norms and rules of conduct. The functions of public authorities at the national and regional levels of government are systematized.

Unpacking the framework of unsolicited proposal for public private partnership projects – the Indian case

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Varaprasad Mallisetti ◽  
Tharun Dolla ◽  
Boeing Laishram
Keyword(s):  
Design Methodology ◽  
Public Procurement ◽  
Time Frame ◽  
Public Private Partnership ◽  
Successful Implementation ◽  
Implementation Framework ◽  
Private Partnership ◽  
Content Type ◽  
The Public ◽  
Private And Public

Purpose The most recent advent of the unsolicited proposal in the public private partnership mode of infrastructure procurement has changed the duties and roles of private and public sector agencies. Also, they have increased the practitioners' difficulties to work out strategic mechanisms and methods to manage these unsolicited proposals (USP) effectively. So, this study aims to understand how well equipped are the Indian USP guidelines for managing procurement. Design/methodology/approach Content analysis with coding procedures was carried to understand the regulations of USP frameworks of India over the four stages of USP procurement. Findings The findings show that there are severe flaws in various states' frameworks. The states have flaws in their policies in implementation features across the stages of USP such as defined objectives, the absence of fees and review timeframes in the submission, time frame and guidance on benchmarking and market testing in evaluation and development, time frame for bidding and access to information in procurement stages. Originality/value The USP implementation framework developed as part of this study can direct the policymakers and practitioners to improve public procurement regulations and the necessary changes for the successful implementation of USPs. In doing this, the private sector is enabled to develop more competitive and innovative proposals.

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