scholarly journals FINANCING OF PUBLIC INFRASTRUCTURE PROJECTS ON THE BASIS OF PUBLIC-PRIVATE PARTNERSHIP: FORMS AND TOOLS

2021 ◽  
Author(s):  
Lyudmila Vasyutynska
Keyword(s):  
Local Governments ◽  
Public Private Partnership ◽  
High Tech ◽  
Project Financing ◽  
Infrastructure Projects ◽  
Public Infrastructure ◽  
Potential Cost ◽  
Public And Private ◽  
Private Partnership ◽  
Tax Rate

The significance of public-private partnership for the development of the socio-economic system of the state is extremely high, as public-private partnership can and should be positioned as one of the financial mechanisms capable of providing not only extensive but also intensive economic growth of territories and regions mainly for by financing the development of transport, social, service infrastructure and utilities, as well as to promote accelerated modernization in high-tech sectors of the national economy. In the article, the essence of project financing of infrastructure based on public-private partnership is substantiated, as well as the forms and tools that are used in the course of financial interaction between public and private partners are investigated. The essence of project financing of infrastructure based on public-private partnership is substantiated, the forms and tools that are used in the course of financial interaction between public and private partners as well are investigated. The understanding of a public infrastructure project is explained through differentiating it according to the goal direction and in accordance with the change of the existing real estate object. The main means of state support for financing public-private partnership projects is investigated. Taking into account the existing practice, it is reasonable to invest in infrastructure projects for a public investor and a private partner. The increased risks of the private partner are due to the fact that public-private partnership projects provide a higher cost of the project compared to budget funding. In addition, it is worth noting the potential cost of the project after to contract, taking into account the variability of the external environment. The practices of implementing TIF-projects are investigated and the essence of the financing instruments used for this are disclosed. The peculiarity of the application of TIF-projects is that these are used by local governments for the development of local territories or individual districts. These investigations provide opportunity to determine the conditions for the application of financing the increase in the tax rate in Ukraine.

scholarly journals FEASIBILITY STUDY OF PUBLIC-PRIVATE PARTNERSHIP / VIEŠOJO IR PRIVAČIOJO SEKTORIŲ PARTNERYSTĖS GALIMYBIŲ ANALIZĖ

2011 ◽  
Vol 15 (3) ◽  
pp. 257-274 ◽  
Author(s):  
Ieva Meidutė ◽  
Narimantas Kazimieras Paliulis
Keyword(s):  
Dispute Settlement ◽  
Public Procurement ◽  
Legal Framework ◽  
Public Private Partnership ◽  
Public Infrastructure ◽  
Public And Private ◽  
Private Partnership ◽  
The Public ◽  
Private And Public ◽  
Dispute Settlement Procedure

Public-private partnership may cover various forms of partnership, viz. as the property of the private sector in the state of municipal activities or information and consultations between the public and private sectors, also as an unconventional method of public procurement when the public and private sectors enter into a long-term contract on the establishment of public infrastructure or the provision of public services. The most important thing in implementing PPP projects is to properly draw up the contract between the public and private partners, which should explicitly state all terms and conditions, undertakings and liabilities, evaluate risks, determine the payment mechanism and dispute settlement procedure, etc. In order to reduce any risk associated with such projects, a proper legal framework should be developed, which would provide liabilities and undertakings of both parties of the project (the private and public sectors), and more information should be disbursed as to how such projects are being implemented, what the structures of financing are, and what the benefit of such projects is. Santrauka Viešojo ir privačiojo sektorių partnerystė gali apimti įvairias partnerystės formas: kaip privačiojo sektoriaus nuosavybė valstybės ar savivaldybių veikloje ar informavimas ir konsultavimas tarp viešojo ir privačiojo sektorių, taip pat kaip netradicinis viešujų pirkimų būdas, kai sudaroma ilgalaikė sutartis tarp viešojo ir privačiojo sektorių dėl viešosios infrastruktūros sukūrimo ar viešųjų paslaugų teikimo. Vykdant VPP projektus būtina tinkamai parengti sutartį tarp viešojo ir privataus partnerio, kurioje turi būti vienareikšmiškai apibrėžtos visos sąlygos, įsipareigojimai, atsakomybė, įvertintos rizikos, atsiskaitymo mechanizmas, konfliktų sprendimo tvarka ir t. t. Siekiant sumažinti bet kokią su tokiais projektais susijusią riziką, reikia suformuoti tinkamą teisinę bazę, kuri numatytų abiejų projekto šalių - tiek privačiojo, tiek valstybinio sektoriaus - atsakomybes ir įsipareigojimus, bei teikti daugiau informacijos, kaip tokie projektai vykdomi, kokios finansavimo struktūros, kokia gaunama nauda.

scholarly journals Local Government Challenges’ to Implement Public Private Partnership Projects in Indonesia

2017 ◽  
Vol 8 (3) ◽  
pp. 83-96
Author(s):  
Erwin Sondang S. ◽  
Asep Sumaryana ◽  
Ida Widianingsih ◽  
Heru Nurasa
Keyword(s):  
Local Government ◽  
Asset Management ◽  
Local Governments ◽  
Government Regulation ◽  
Public Private Partnership ◽  
Regional Government ◽  
Public And Private ◽  
Private Partnership ◽  
The Public

Abstract This paper aims is to analyze several challenges’ those faced by local governments in Indonesia, including its provinces, districts and cities, in implementing the Public Private Partnership (PPP) scheme. The analysis is focused on 3 challenges, as follows: 1) budget; 2) regulations (Act Number 23 of 2014 concerning Regional Government, Government Regulation Number 27 of 2014 concerning Government Asset Management and Presidential Regulation Number 38 of 2015 concerning Public and Private Partnership for Provision of Infrastructure), and 3) the party that involve on PPP projects. Therefore, some of the developed recommendations are expected to be solution for the local government in addressing these challenges.

scholarly journals Public-Private Partnership in the Implementation of the Industrial Policy of Russia

2019 ◽  
Vol 71 ◽  
pp. 02005
Author(s):  
A.D. Kasatov
Keyword(s):  
Industrial Policy ◽  
Manufacturing Sector ◽  
Public Private Partnership ◽  
Public Private Partnerships ◽  
High Tech ◽  
Infrastructure Development ◽  
Public And Private ◽  
Private Partnership ◽  
Industrial Enterprises ◽  
The Impact

The article views the creation of public-private partnership as an important direction in the activation of the innovative type of the development of the economy of Russia. The need to combine the efforts of the public and private business in solving this problem is connected, firstly, with the economic sanctions of the West and not only financial sanctions but also with the refusal to supply high-tech equipment to Russia and, secondly, even more threatening prospects of the dynamics of the innovative development of the manufacturing sector. That is why the main attention is paid to the impact of public-private partnership on the development of integrated business in the context of the implementation of the strategic task of the innovative way of the Russian economy development. It is shown that public-private partnerships are one of the most common instruments for attracting private investments in infrastructure projects both in Russia and abroad. But the format of public-private partnerships for the implementation of Russia's industrial policy in the field of innovation should be used not only for the infrastructure development but also for the development of Russian industrial enterprises and the implementation of national projects.

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 Is the Public Private Partnership Model the Right Vehicle for Public Infrastructure Delivery in Developing Countries?

2019 ◽  
Vol 11 (1(J)) ◽  
pp. 211-222
Author(s):  
Patrick Mabuza
Keyword(s):  
Developing Countries ◽  
Public Procurement ◽  
Public Private Partnership ◽  
Risk Allocation ◽  
Infrastructure Projects ◽  
Public Infrastructure ◽  
Private Partnership ◽  
The Public ◽  
Partnership Model ◽  
The Right

There has been an increase in the number of governments that adopted public-private partnership (PPP) as an infrastructure delivery model. However, there are still misgivings about the role PPPs play in developing countries’ economies. The objective of this study is to address the question of whether the PPP model really benefits the public. This study follows a qualitative approach based on international review of literature on PPP experiences around the world. The results of the study indicate that, the PPP model can be a good vehicle for delivering public infrastructure projects in developing countries. However, for PPPs to meet the expectations of the public sector and the citizens there are certain aspects that need to be in place i.e. transparency, accountability, optimum risk allocation/sharing, and increased competition to name just a few. If a country implements its PPP programme properly, there are massive benefits compared to the public procurement approach that may accrue to consumers and the economy as a whole. Such benefits include reduced prices, which may also increase access to services. The study has elucidated valid from invalid arguments about PPPs and has established whether the PPP model is indeed the right vehicle for delivering infrastructure projects.

scholarly journals Digital Transformation of Public-Private Partnership Tools

2021 ◽  
Vol 14 (3) ◽  
pp. 121
Author(s):  
Lyudmila Tolstolesova ◽  
Igor Glukhikh ◽  
Natalya Yumanova ◽  
Otabek Arzikulov
Keyword(s):  
Public Private Partnership ◽  
Digital Transformation ◽  
Digital Tools ◽  
Infrastructure Projects ◽  
Public And Private ◽  
Private Partnership ◽  
Digital Platforms ◽  
The Public ◽  
Advantages And Disadvantages

The need for modern infrastructure as a prerequisite for sustainable development, poverty alleviation, and improvement of the quality of life of the population is a global problem that requires searching for and attracting large amounts of long-term investments. The presence of this problem in recent decades has led to the increasing implementation of complex and costly infrastructure projects through the public-private partnership (PPP) mechanism with high potential for attracting investment. This mechanism, in conditions of limited financial opportunities, allows one to combine the financial resources of the public and private parties for the implementation of major infrastructure projects. The limited use of existing tools at different stages of PPP projects and the increasing need for additional resources make it necessary to consider the possibility of using digital tools that complement traditional ones. For this purpose, the authors analyze existing financing tools, revealing their advantages and disadvantages, and identify and justify the possibility of using digital tools in the implementation of PPP projects. However, digitalization includes not only financing tools but also the development of infrastructure, including digital platforms needed to conduct such operations in the digital environment. As a result, a combined financing toolkit can be formed for each phase of project realization, including traditional and digital tools. The results of this study will become a basis for revealing the directions of the digital transformation of the PPP mechanism.

Financing Smart Cities’ Development: Doran’s Concept of the Project Universe

2020 ◽  
pp. 50-62
Author(s):  
K.S. Teteryatnikov ◽  
S.G. Каmolov ◽  
A.A. Pyatova
Keyword(s):  
South Korea ◽  
Smart City ◽  
Smart Cities ◽  
Public Private Partnership ◽  
Project Financing ◽  
Private Partnership ◽  
Model Based ◽  
Project Model ◽  
Financing Model

The article is meant to analyze various strategies and models for the development of smart cities, as well as the concept of project financing of smart cities, proposed by Pietro Doran, one of the founding partners of the world’s first smart city built from scratch in South Korea — Songdo. The authors believe that Songdo’s financing model, based on P. Doran’s Project Model can be considered as an effective way to attract investment in greenfield projects for the development of «smart cities» in Russia on the basis of public-private partnership.

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