The influence of development institutions on infrastructure investment in the border regions of the Central Black Earth economic area

2021 ◽  
Vol 19 (11) ◽  
pp. 2158-2173
Author(s):  
Dmitrii G. RODIONOV ◽  
Svetlana M. KALINA
Keyword(s):  
Public Private Partnership ◽  
Border Region ◽  
Investment Efficiency ◽  
Infrastructure Projects ◽  
Private Partnership ◽  
Economic Relations ◽  
Border Regions ◽  
Economic Area ◽  
Development Institutions ◽  
Quantitative Analyses

Subject. This article studies the economic relations arising under the influence of development institutions on investment in infrastructure. Objectives. The article aims to identify the border region of the Central Chernozemic Economic Area, which is a top performer in terms of investment efficiency of infrastructure projects implemented within the framework of public-private partnership. Methods. For the study, we used the methods of systems, comparative, qualitative, and quantitative analyses. Results. Based on the analysis of statistics on the implementation of projects within the framework of public-private partnership in the Central Chernozemic Area oblasts, the article identifies investment efficiency top performers and proposes a methodology for assessing the investment effectiveness of infrastructure projects. Conclusions. The development institutions of top performer oblasts support investment activities. The necessary data for accurate inter-subject research is not enough, so public control of infrastructure projects carried out within public-private partnership should be tightened.

RISK MANAGEMENT IN PUBLIC-PRIVATE PARTNERSHIP AND OTHER MAJOR INFRASTRUCTURE PROJECTS

EDPACS ◽  
2021 ◽  
Vol 63 (5) ◽  
pp. 6-19
Author(s):  
Alex Sidorenko ◽  
Vladimir Kilinkarov ◽  
Alexey Belkov
Keyword(s):  
Risk Management ◽  
Public Private Partnership ◽  
Infrastructure Projects ◽  
Private Partnership

Evaluation of Public Private Partnership in Infrastructure Projects

2021 ◽  
Author(s):  
Karthikeyan Loganathan ◽  
Mohammad Najafi ◽  
Vinayak Kaushal ◽  
Pius Agyemang
Keyword(s):  
Public Private Partnership ◽  
Infrastructure Projects ◽  
Private Partnership

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 АНАЛІЗ ВПЛИВУ ЧИННИКІВ НА ФОРМУВАННЯ СИСТЕМИ ІНТЕГРОВАНОГО ПАРТНЕРСТВА

2021 ◽  
Vol 149 (4) ◽  
pp. 65-75
Author(s):  
Danyil V. Laponoh
Keyword(s):  
Critical Role ◽  
Road Transport ◽  
Public Private Partnership ◽  
Private Partnership ◽  
Economic Relations ◽  
The Road ◽  
Advantages And Disadvantages ◽  
Transport Services ◽  
Wide Range ◽  
Research Findings

This study focuses on a wide range of issues related to the effects of integration process on the development of economic relations, in particular, in the road transport services market. Special emphasis is put on the critical role of integration in contributing to building circular technological supply chains, ensuring sales coordination and management, reducing unit costs and increasing labor productivity. It is argued that the outcome of integration translates into a cohesive economic mechanism which in addition to its integrated elements is characterized by the presence of a core coordination element. The article offers a definition to a public-private partnership phenomenon, identifies its advantages and disadvantages, explores the mechanisms of public-private partnership implementation as well as suggests a toolkit to optimize the partnership functioning for integrated structures. This is a pioneering study that provides a rationale for the need to use several public-private partnership patterns simultaneously together with developing a mechanism for carrying out public-private partnership which is proposed to be consolidated into the mechanism of integrated partnership viewed as the most preferable one to be implemented in the market of road transport services. It has been verified that the integrated partnership pattern provides an opportunity to develop competitive advantages of all its participants. The research findings have enabled to make the following generalizations: the existing partnerships differ in types of arrangements and institutional support; prior to making a decision to launch a specific integrated partnership project, the mechanism of its implementation should be envisaged; to enhance the efficiency of the integrated partnership project implementation, building relevant infrastructure facilities is paramount; the prospects for further integrated partnership project operation assume the utilization of a network mechanism of public-private partnership which best meets the needs and the specifics of the road transport services market.

Barriers to bond financing for public-private partnership infrastructure projects in emerging markets

2017 ◽  
Vol 22 (1) ◽  
pp. 2-19 ◽  
Author(s):  
Solomon Olusola Babatunde ◽  
Srinath Perera
Keyword(s):  
Factor Analysis ◽  
Emerging Markets ◽  
Empirical Studies ◽  
Principal Component ◽  
Public Private Partnership ◽  
Bond Markets ◽  
Infrastructure Projects ◽  
Chi Square ◽  
Private Partnership ◽  
Content Type

Purpose The purpose of this study is to identify and critically assess the barriers to bond financing for public–private partnership (PPP) infrastructure projects in Nigeria using an empirical quantitative analysis. Innovative ways to finance long-term infrastructure projects had been documented. However, there is a dearth of empirical studies on the barriers to bond financing for PPP infrastructure projects. Design/methodology/approach A comprehensive literature review was conducted to identify the barriers to bond financing for infrastructure projects, which were employed to design a questionnaire. A questionnaire survey was carried out which targeted financial experts in the Nigerian financial institutions/local banks. Data collected were analysed using descriptive and inferential statistics to include mean score, chi-square (χ2) test and factor analysis (principal component analysis). Findings The analysis of the ranking in terms of the mean score values for the 12 identified barriers indicated that all the identified barriers are considered by respondents as critical barriers to bond financing for PPP infrastructure projects in Nigeria. The study, through factor analysis, grouped the 12 identified barriers into 5 principal factors. These include governance and institutional capacity issues, higher issuance cost and risk, difficulties in getting approval for changes, the small size of bond markets and stringent disclosure requirements. Practical implications This research is significant by providing the empirical evidence of the barriers to bond financing for PPP infrastructure in emerging markets, especially in Nigeria. Originality/value The findings would enable the policymakers to draw some policy recommendations that will positively influence the development of bond markets in Nigeria and emerging markets at large. These study findings are crucial, as not many empirical studies have been conducted in Nigeria.

scholarly journals Investigation of the challenges facing public-private partnership projects in Australia

2019 ◽  
Vol 19 (1) ◽  
Author(s):  
Godfrey Charles Mwakabole ◽  
Argaw Tarekegn Gurmu ◽  
Linda Tivendale
Keyword(s):  
Success Factors ◽  
Risk Measures ◽  
Business Case ◽  
Project Planning ◽  
Public Private Partnership ◽  
Light Rail ◽  
Infrastructure Projects ◽  
Private Partnership ◽  
Critical Success ◽  
Political Interference

The practice of implementing infrastructure projects through a public-private partnership (PPP) arrangement is widely employed around the world with successful outcomes. However, this practice is not without challenges related to cost, time and quality variations, which the public is forced to bear. This study aims to explore factors influencing the termination of the East West Link project in Melbourne and present time and cost variation challenges facing the Sydney Light Rail project. This paper utilizes literature, investigating the critical success factors (CSF) for PPP infrastructure projects in an international context, and other readily available data sources such as Australian government publications, the case projects’ reports, news articles, and websites as the sources of data. The data gathered from these sources was then analysed to understand the project challenges and to investigate the relationship between CSF and the challenges. Four challenges were identified, including insufficiency of the business case, political interference, non-independence of implementing organizations and insufficient risk profile identification. The findings can assist to cover the loopholes that might cause similar failures in project planning, risk management, and policy and guideline frameworks. However, efforts should be made in improving the existing policies to accommodate political interests as part of risk measures under the national PPP guidelines. 

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