Public-Private Partnership as a Recource for the Territorial Infrastructure Development

Vestnik NSUEM ◽  
2021 ◽  
pp. 35-45
Author(s):  
S. D. Nadezhdina ◽  
N. I. Voronina ◽  
L. M. Pyankova
Keyword(s):  
Regional Economy ◽  
Public Private Partnership ◽  
Infrastructure Development ◽  
Private Partnership ◽  
Scientific Cognition ◽  
State And Society ◽  
General Scientific ◽  
Main Factors ◽  
The Government ◽  
Positive Effect

The authors consider public-private partnership as one of the mechanisms allowing the transformation of the territorial infrastructure and analyze the problems and new solutions for its development.The article reveals the specific tasks and forms of public-private partnership and the main directions of its development.The article identifies the main factors that have a positive effect on the development of regional infrastructure in the format of public-private partnership and the principles of the emergence of such partnership.The study of the foreign practice of the alliance of business and the government made it possible to formulate problems that hinder the development of public-private partnership in our country.This development could facilitate the adoption of a set of measures to ensure the interests of the state and society, as well as the interests of entrepreneurs as subjects of public-private partnership. The authors used general scientific cognition methods and generalization techniques in the process of the research.The results of the research can be used as recommendations for the development of the regional economy in the framework of public-private partnership projects.

scholarly journals PRINSIP PROPORSIONALITAS DAN GOVERNANCE TERHADAP ALOKASI DAN TRANSFER RISIKO DALAM SKEMA KERJASAMA PUBLIC-PRIVATE PARTNERSHIP (PPP)

Yuridika ◽  
2017 ◽  
Vol 32 (3) ◽  
pp. 541
Author(s):  
Yuniarti Yuniarti ◽  
Fifi Junita
Keyword(s):  
Risk Sharing ◽  
Public Private Partnership ◽  
Government Support ◽  
Risk Allocation ◽  
Infrastructure Development ◽  
Transfer Scheme ◽  
Private Partnership ◽  
Force Majeure ◽  
The Government ◽  
High Level

The high level of Foreign Direct Investment (FDI) is also supported by the availability of infrastructure to the remote area where the investment will be implemented. However, with limited funds from both APBN and APBD, infrastructure development can not be fully done by the government. Therefore, the government will cooperate with the investor (private) in the implementation of infrastructure development known as public private partnership. The main problem in implementing PPP is the allocation of risk to PPP projects. The different bargaining positions between the government and the private sector resulted in the fact that most of them impose risks on private parties (private). Implementation of PPP is closely related to the emergence of various risks including and not limited to regulatory risks, force majeure, etc. If there is no risk allocation arrangement proportionally based on governance principles, it weakens the pattern of PPP cooperation in Indonesia. PPP as one form of risk sharing in infrastructure investment should not release the role and government support to private parties / investors. Even in practice, PPP implementation in Indonesia only relies on BOT (Build Operate and Transfer) scheme which is expected to minimize government support in project implementation. This will ultimately lead to project failure.

scholarly journals АНАЛІЗ ТЕНДЕНЦІЙ РОЗВИТКУ СИСТЕМИ ДЕРЖАВНО-ПРИВАТНОГО ПАРТНЕРСТВА НА РИНКУ ПОСЛУГ АВТОМОБІЛЬНОГО ТРАНСПОРТУ

2021 ◽  
Vol 151 (5) ◽  
pp. 94-103
Author(s):  
Даниїл В. Лапоног
Keyword(s):  
Private Investment ◽  
Road Transport ◽  
Public Private Partnership ◽  
Infrastructure Development ◽  
Private Partnership ◽  
The Public ◽  
Partnership Development ◽  
Transport Services ◽  
The Government

The article seeks to provide insights into contemporary research in public-private partnership development in the road transport market. The study reviews a range of world public-private partnership best practices which demonstrate that effective interaction between government and business at different levels (national, subnational and regional) allows to attract and allocate investment resources more effectively, thus contributing to creating new jobs, promoting better infrastructure development and enhancing the overall quality of life in the country. It is argued that among the key factors boosting the public-private partnership market development the most significant is the level of institutionalization. It is also asserted that this factor, in combination with the relevant political environment and the capital market specifics, facilitates building successful partnerships. Moreover, government initiatives together with legal and regulatory interaction frameworks shape solid foundation to encourage further public-private partnership development by gaining positive effects from successful implementation of such partnerships, designing roadmaps and unified standard procedures and processes aimed at simplifying the relationships between the private sector and the government. Apart from the above, it is highlighted that the institutional factor aligned with the government strategic goals affects the formation and legitimation of public-private partnership markets. The study also provides argument that through the models of public-private partnerships the public sector can benefit, in the first place by utilizing resources of private companies, thus fostering further infrastructure development and raising the effectiveness and efficiency of road transport services market. The findings reveal that the purpose of public-private partnership programs institutionalization in the sector of road transport services is to enhance government motivation to attract private investment and offer new road network services based on public-private partnership contracts which will contribute to ensure the quality of road services.

scholarly journals PUBLIC PRIVATE PARTNERSHIP: ALTERNATIF PEMBANGUNAN INFRASTRUKTUR DALAM NEGRI

2021 ◽  
Vol 8 (2) ◽  
Author(s):  
Fahmi Dzakky
Keyword(s):  
Private Sector ◽  
Legal Aspects ◽  
Public Private Partnership ◽  
Infrastructure Development ◽  
Literature Study ◽  
Private Partnership ◽  
Development Agenda ◽  
Private Sector Participation ◽  
The Government ◽  
Business Entities

Sebagai regulator dan fasilitator proyek infrastruktur Indonesia, Pemerintah telah mengundang partisipasi sektor swasta melalui pengaturan Public Private Partnership (PPP) atau yang dikenal juga dengan Kerjasama Pemerintah dengan Badan Usaha (KPBU). Kemitraan Pemerintah-Swasta umumnya dicirikan oleh entitas sektor swasta yang mengumpulkan dana untuk membangun aset yang dibutuhkan oleh Pemerintah, dan menyediakan fasilitas atau layanan sebagai imbalan aliran pendapatan kontraktual dari Pemerintah atau pengguna. Hal ini disebabkan PPP dikatakan efektif untuk dijadikan alternatif pembangunan infrastruktur di dalam negeri. Tulisan ini akan menganalisis mengenai eksistensi PPP sebagai unsur alternatif pembangunan infrastruktur di Indonesia, dilihat dari aspek hukum dan implementasinya. Metode yang digunakan adalah metode penelitian hukum normatif dengan menggunakan studi kepustakaan. Adapun hasil yang diperoleh adalah Pemerintah harus berupaya untuk dapat meningkatkan kualitas kontrak dan perbaikan skema PPP sehingga dapat menarik investor turut membantu pemerintah pada agenda pembangunan infrastruktur dalam negeri.Kata Kunci: PPP, infrastruktur, pembangunanABSTRACTAs the regulator and facilitator of Indonesian infrastructure projects, the Government has invited private sector participation through the regulation of Public-Private Partnership (PPP) or also known as Government Cooperation with Business Entities (KPBU). Government-Private Partnerships are generally characterized by private sector entities that raise funds to build assets required by the Government and provide facilities or services in exchange for a contractual revenue stream from the Government or users. This is because PPP is said to be effective to be an alternative to infrastructure development in the country. This paper will analyze the existence of PPP as an alternative element of infrastructure development in Indonesia, judging by the legal aspects and its implementation. The method used is normative legal research method using literature study. The result obtained is that the Government should strive to be able to improve the quality of contracts and improve PPP schemes to attract investors to help the government on the domestic infrastructure development agenda. Keyword: PPP, infrastructure, development

scholarly journals A Global Review of Public Private Partnerships Trends and Challenges for Social Infrastructure

2018 ◽  
Vol 147 ◽  
pp. 06001 ◽  
Author(s):  
Adrianto Oktavianus ◽  
Iris Mahani ◽  
Meifrinaldi
Keyword(s):  
The Elderly ◽  
Public Private Partnership ◽  
Infrastructure Development ◽  
Social Infrastructure ◽  
Public Infrastructure ◽  
Private Partnership ◽  
Limited Budget ◽  
Economic Infrastructure ◽  
The Government ◽  
Implementation Models

In developing countries, the government which has limited budget for public infrastructure development should choose which infrastructure should be developed. Most countries decided to build more economic infrastructure than social infrastructure because former have direct economic impact for society. The involvement of private sector in public infrastructure financing has been accomplished for decades in the form of Public Private Partnership (PPP). However, the implementation is also more often for economic infrastructure, but some countries have started to implement PPP for social infrastructure (education, healthcare, care of the elderly, etc.) when they think to add human capital and improve quality of life. This study attempts to review a set of public private partnership implementation models relevant for social infrastructure development in some countries. Moreover, this study also more explores to the challenges and issues in different areas of social infrastructure. The outcome is to show a trend public-private partnership for social infrastructure in some successful projects from different countries. The challenges and issues about implementation public-private partnership for social infrastructure also be a part of the results from this study. Finally, the study has a valuable input for implementation of PPP on social infrastructure in Indonesia.

scholarly journals Case Study of Public-Private Partnership on Infrastruc-ture Projects of Tibar Bay Port in Timor-Leste

2021 ◽  
Vol 1 (3) ◽  
pp. 11-16
Author(s):  
Zeferino Soares Lopes ◽  
Fredy Kurniawan ◽  
Julistyana Tistogondo
Keyword(s):  
Private Sector ◽  
National Development ◽  
Public Private Partnership ◽  
Infrastructure Development ◽  
Developed Country ◽  
Private Partnership ◽  
Timor Leste ◽  
The Future ◽  
The Government ◽  
To Come

Public - Private Partnership (PPP) offers many potential benefits for the government in providing infrastructure facilities. However, the implementation of the Public Private Partnership project is not easy. Infrastructure Development is one of the development priorities in developed and developing countries, including Timor-Leste. As one of the priorities of national development, cost limitations are the main problem faced by the government. Therefore, to overcome the lack of funding, the government can involve the private sector in terms of providing funds to finance the construction of infrastructure facilities.The Government of the Democratic Republic of Timor-Leste (RDTL) must have good regulations to achieve the goals of Timor-Leste in the future through cooperation between the government and the private sector. Good regulation is one of the best ways for good cooperation between the government and the private sector.In this study, the chosen location is the Tibar Bay Port in Timor-Leste. Based on the results of research that has been done, infrastructure development efforts do not have to rely on the Timor-Leste government as a single actor, the involvement of other parties such as the private sector is also needed for infrastructure development. The Government of Timor-Leste is fulfilling a big dream for the the future through the development of infrastructure in accordance with the strategic development plan for 2011-2030 to come, because the Government of Timor-Leste prepares a bright future for a country to become a developed country like other countries.

scholarly journals Public–Private Partnership Monitor: Papua New Guinea

2021 ◽  
Keyword(s):  
Papua New Guinea ◽  
Critical Role ◽  
New Guinea ◽  
Public Private Partnership ◽  
Infrastructure Development ◽  
Private Partnership ◽  
The Public ◽  
The Government ◽  
Financing And Investment ◽  
Enabling Institutions

The public–private partnership (PPP) market in Papua New Guinea is at a nascent stage. The country has witnessed six financially closed projects with an investment of $433 million and predominantly in the energy sector. The small number of PPPs stems from the lack of a robust enabling framework, limited public sector capacities to design and manage PPPs, and constrained ability of the government to fund infrastructure development. Realizing the critical role of PPPs in helping achieve the country’s infrastructure investment target, the government is implementing the PPP Act of 2014 and setting up enabling institutions to increase financing and investment opportunities.

scholarly journals A Simple Mediation Model for Public–Private Partnership Implementation in Developing Countries: A Case of Tanzania

SAGE Open ◽  
2020 ◽  
Vol 10 (2) ◽  
pp. 215824402093112
Author(s):  
Lusekelo Yonah Mwakapala ◽  
Baiqing Sun
Keyword(s):  
Public Private Partnership ◽  
Sub Saharan Africa ◽  
Outcome Variable ◽  
Infrastructure Development ◽  
Governance Mechanism ◽  
Mediation Model ◽  
Reference Case ◽  
Private Partnership ◽  
The Public ◽  
The Government

The governance mechanism is examined as a mediator to the potential implementation of the public–private partnership (PPP) in the Sub-Saharan Africa region by using Tanzania as a reference case. There is an intricate relationship between the public and private sector in applying the complex PPP phenomenon on infrastructure development, a decision beyond the government functionality for performance is required to steer its implementation. A need for a network system with a positive mindset to what PPP can achieve in adjusting the efficiency and financial gap to infrastructure. In the mediation model, a mediator can partially or fully facilitate the relationship of the outcome variable. With the use of the bootstrapping method in SPSS, our result evidenced a full mediation through governance to PPP implementation.

Demand of Public-Private Partnerships for Infrastructure Bonds for Municipal Development

2019 ◽  
pp. 90-94
Author(s):  
A. A. Gorovoy ◽  
V. A. Sorokina
Keyword(s):  
Public Private Partnership ◽  
Infrastructure Development ◽  
Private Partnership ◽  
Scientific Methods ◽  
Investment Projects ◽  
Crucial Problem ◽  
Mortgage Payment ◽  
Sustainable Investment ◽  
General Scientific

The presented study examines the crucial problem of our time — the need to develop an infrastructure mortgage mechanism that would maintain and reproduce infrastructure resources.Aim. The study aims to consider the possibility of using infrastructure bonds for public-private partnership projects.Tasks. The authors determine the features of infrastructure bonds, briefly analyze foreign experience of their use, and outline an infrastructure municipal loan.Methods. This study uses general scientific methods of cognition to consider the possibility of using infrastructure bonds for public-private partnership projects.Results. Infrastructure bonds issued for public-private and municipal-private partnership projects can serve as a financial tool for infrastructure development or as a mortgage payment. Infrastructure bonds should be long-term and targeted, issued for the corresponding infrastructure projects. A competent approach to the preparation and implementation of an infrastructure loan requires the issuer’s professional agents to formulate the optimal loan concept and then put this concept into practice based on the optimal issuance parameters determined according to loan marketing among potential investors.Conclusions. The issuance of infrastructure bonds will make it possible to meet the demand of  publicprivate partnerships for investment resources and sustainable investment projects. An infrastructure mortgage scheme should accommodate the interests of both the investor and infrastructure users.

Driving factors for adopting public-private partnership in Ethiopia and comparison with other countries

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Getachew Yilma Debela
Keyword(s):  
Private Sector ◽  
Early Stage ◽  
Research Result ◽  
Energy Sector ◽  
Public Private Partnership ◽  
Driving Factors ◽  
Infrastructure Development ◽  
Private Partnership ◽  
Content Type ◽  
The Government

Purpose The extensive public financing for infrastructure guided by the state-led development policy has crowded out private sector participation for infrastructure development in Ethiopia. Although public-private partnership (PPP) has been used by many countries, the Government of Ethiopia has started to adopt it for major infrastructure development recently. Thus, it is important to investigate the reasons that motivated the government to adopt the PPP model to provide insights to the sector players. This paper aims to explore the driving factors for adopting PPP for infrastructure development focusing on the energy sector of Ethiopia and compared it with other countries. Design/methodology/approach The study used a comprehensive literature review of previous research outcomes and a purposively sampled questionnaire survey of professionals in Ethiopia. Findings The results of the study revealed that the five top driving factors perceived by the experts for adopting PPP in the energy sector of Ethiopia include the private sector has the ability to raise funds for project, facilitate creative and innovative approaches, save time in delivering the project, accelerate project development and private sector possess better mobility. The comparison of the driving factors with other countries also suggests that each county has its own reason and preference for adopting the PPP model. Originality/value The research result contributes to the development of PPP in Ethiopia and other developing countries at the early stage of PPP implementation. It also provides information to policymakers, sponsors, financiers and developers of PPP projects to understand the government's motivations to implement PPP in Ethiopia.

Sign in / Sign up

Export Citation Format

Share Document