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

The legal public–private partnership framework and policy implementation in Uganda

Africa’s Public Service Delivery and Performance Review ◽

10.4102/apsdpr.v8i1.346 ◽

2020 ◽

Vol 8 (1) ◽

Author(s):

Jude Mugurura ◽

Zwelinzima Ndevu

Keyword(s):

Exploratory Research ◽

Private Partnership ◽

Road Infrastructure ◽

Investment Projects ◽

The Public ◽

Secondary Sources ◽

Regulatory Frameworks ◽

Key Aspects

Background: This article is based on a multidimensional empirical research study investigating aspects of the suitability of the public–private partnership environment of Uganda for road infrastructure development. The foundation of the article is the implementation of the relationship between existing legal and regulatory frameworks on the ground in Uganda.Aim: Key aspects and realities of the legal and policy frameworks that support public–private partnership, road investment projects and programmes in Uganda are examined from the perspective of a transparent, effective and efficient service delivery.Setting: A brief exposition of Uganda’s historical realities and present challenges, especially in terms of road infrastructure, an introduction of key aspects of the legal and regulatory frameworks is presented.Methods: The research is based on an exploratory research design methodology founded on a thorough literature review, exhaustive documentary analysis of primary and secondary sources and 30 interviews with senior and middle managers in the public and private sectors in Uganda. A semi-structured questionnaire was utilised.Results: The analysis of data was based on a dissection of the policies and systems as foundations of solid implementation, existing legal violations, the local private sector’s present conundrum and capacity gaps, the realities of integrity and corruption and the existing approach of citizens towards the problems and challenges.Conclusion: The lack of integrity in both the private and public sector has serious negative effects on the processes, functions, planning, designing, outputs and outcomes of infrastructure initiatives undertaken.

Improving the public administration of investment projects under the public-private partnership (on the example of airport infrastructure development of the Russian Federation)

Vestnik of Samara University. Economics and Management ◽

10.18287/2542-0461-2021-12-2-132-139 ◽

2021 ◽

Vol 12 (2) ◽

pp. 132-139

Author(s):

Oleg A. Nemchinov

Keyword(s):

Urban Areas ◽

Transport Infrastructure ◽

Public Private Partnerships ◽

Private Partnership ◽

Investment Projects ◽

The Public ◽

Goods And Services ◽

Provision Of Services

In the modern economy, very often there is the problem of lack of state funding in major infrastructure projects. In this regard, partnership between the public and private sectors of the economy is becoming a more effective way of solving problems related to the modernization of transport infrastructure, construction and provision of services, the development of urban areas. Especially of public-private partnership mechanism true for regional economies, where thanks to it there is a more dynamic development of local capital markets, goods and services. The study analyzed the conceptual apparatus, essence and forms of public-private partnership, identified the features and risks in the implementation of PPP projects, assessed the results of global and domestic experience in the use of public-private partnerships, developed recommendations for improving the procedures for implementing public-private partnerships in the field of development of the infrastructure of the Russian airport enterprises.

Methodology for forming a model of a regional center of cardiology on the principles of public-private partnership

Reports of Vinnytsia National Medical University ◽

10.31393/reports-vnmedical-2021-25(2)-24 ◽

2021 ◽

Vol 25 (2) ◽

pp. 320-324

Author(s):

А. V. Ivanyuk ◽

N. M. Orlova

Keyword(s):

Circulatory System ◽

Scientific Data ◽

Healthcare Sector ◽

Cardiac Care ◽

Market Mechanisms ◽

Private Partnership ◽

Scientific Methods ◽

Regional Center ◽

General Scientific

Annotation. International experience proves the effectiveness of using public-private partnership (PPP) projects in the healthcare sector. The aim of the work was to substantiate the methodology of forming a model of a regional center of cardiology (RCC) on the principles of PPP. The study used general scientific methods of analysis, synthesis, interpretation of scientific data, systemic and structural-functional approaches, as well as the generalized results of a sociological survey of 829 patients who applied to district cardiology offices in the Kyiv region, as well as 352 cardiologists from all regions of Ukraine. The analysis of the prevalence of diseases of the circulatory system (DCS) and resource provision of the cardiological service in the Kyiv region was carried out on the basis of data from the Kyiv regional center of medical statistics. It has been established that an unfavorable epidemiological situation in terms of morbidity, disability and mortality due to DCS has formed in the Kyiv region and there are a number of problems in the organization of cardiac care for the population of the region. To improve the organization of cardiac care at the regional level, a modern model of a regional cardiology center based on PPP principles is needed, which can ensure the economic, structural and social efficiency of medical care. To implement the project of organizing a regional cardiology center on the principles of PPP, an applied methodology has been developed, which is a set of interrelated methodological approaches, requirements and regulators and a methodological tool for the formation of a modern RCC model with the involvement of private capital, market mechanisms that provide a targeted impact on the effectiveness of the model. The proposed methodology will be further used to substantiate and develop a modern RCC model based on PPP principles.

Revitalization of infrastructural mortgage of public-private partnership projects

University Economic Bulletin ◽

10.31470/2306-546x-2019-42-121-129 ◽

2019 ◽

pp. 121-129

Author(s):

Olena Hryhorska

Keyword(s):

Secondary Market ◽

Project Finance ◽

Mortgage Loans ◽

Private Partnership ◽

Advantages And Disadvantages ◽

Analysis And Synthesis ◽

General Scientific ◽

Energy Utilities

Recently, there is an acute need for the creation or modernization of infrastructure facilities - transport, energy, utilities, social and other types of infrastructure, against the background of a lack of financial resources of budgets of all levels and under budgetary constraints. This situation as a whole leads to the search for additional sources of funding in the field of public-private partnership. In this context, the use of infrastructure mortgages is becoming increasingly important and relevant. The purpose of this work is to systematize the advantages and disadvantages of infrastructure mortgages, identify the main models for converting long-term liabilities into assets and justify the feasibility of creating a specialized project finance institution concentrating its activities on competent selection, structuring and monitoring of projects. In the study the author used general scientific and special methods: analysis and synthesis, analogies and comparisons, generalizations, graphical method. In the article the author identifies the features of the infrastructure mortgage and forms its advantages and disadvantages. The four main models for converting long-term liabilities into assets to be turned around are presented. The models of direct and indirect refinancing of mortgage loans through long-term debt obligations of the primary lender and the model of transferring the rights of claims on mortgage loans (mortgages) to the secondary market operator are schematically presented. The need for standardization of infrastructure mortgage to facilitate the refinancing of such projects, the formation of separate groups and their further securitization are proved. A set of state measures has been developed to reduce the risks and costs of infrastructure mortgage investors.

The need to assess the state of the market for long-term investments in Russian infrastructure and the contribution of the NAC TO its development

KANT ◽

10.24923/2222-243x.2020-35.5 ◽

2020 ◽

Vol 35 (2) ◽

pp. 30-35

Author(s):

Marina Imanova ◽

Elena Korolyuk

Keyword(s):

The State ◽

Risk Level ◽

Investment Activity ◽

Private Partnership ◽

The Creation

The article is devoted to the study of the state of the market for long-term investments in infrastructure in Russia. The paper describes the factors that affect investment activity, and reveals the role of the NAC IN infrastructure development. The author pays special attention to the creation of the INVESTINFRA database db.investinfra.ru, which is an information and analytical project on real investments, contributes to the creation and development of infrastructure in Russia on the basis of public-private partnership in the form of concessions. The article presents current analytical products developed by NAKDI aimed at reducing the risk level of concessionaires.

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

Vestnik NSUEM ◽

10.34020/2073-6495-2021-2-035-045 ◽

2021 ◽

pp. 35-45

Author(s):

S. D. Nadezhdina ◽

N. I. Voronina ◽

L. M. Pyankova

Keyword(s):

Regional Economy ◽

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.

Features of the Institutional Environment of Public-Private Partnership in Russia: Regional Aspect

The world of new economy ◽

10.26794/2220-6469-2020-14-4-56-66 ◽

2021 ◽

Vol 14 (4) ◽

pp. 56-66

Author(s):

N. S. Moguchev ◽

A. F. Khuzina

Keyword(s):

Institutional Environment ◽

Regional Level ◽

Information Support ◽

Current Crisis ◽

Private Partnership ◽

Investment Projects ◽

Regional Aspect ◽

Scientific Value

In the current crisis economic conditions, the public-private partnership (PPP) mechanism can be used as one of the key ways to attract extra-budgetary sources of funds for the implementation of investment projects at the regional level. Despite the growing number of PPP projects in Russia, the presence of significant institutional constraints at the regional level hinder the further development of this mechanism. In particular, there is a lack of interconnection of PPP projects with long-term investment and state development programs at the regional level, low sectoral diversity of projects, high dependence of PPP projects on state financial institutions, and insufficient information support of regional PPP practices. The situation is aggravated by the lack of long-term money in the economy against the backdrop of limited private partners’ funds for the implementation of long-term PPP projects, as well as by existing legal restrictions. The practical purpose and scientific value of this article lie in the construction of a holistic and logical vision of solving the identified institutional problems of PPP development at the regional level.

FORMS OF PUBLIC-PRIVATE PARTNERSHIP IN THE SYSTEM OF GUARANTEE OF NATURAL TECHNOLOGICAL AND ENVIRONMENTAL SAFETY

Environmental Economics and Sustainable Development ◽

10.37100/2616-7689/2019/5(24)/5 ◽

2019 ◽

pp. 34-40 ◽

Cited By ~ 1

Author(s):

Anatolii Stepanenko ◽

Alla Omelchenko

Keyword(s):

Economic Development ◽

Environmental Safety ◽

Financial Resources ◽

Private Partnership ◽

Investment Projects ◽

Ecological Infrastructure

The essence and significance of public-private partnership (PPP) are disclosed, its forms and role as the key tool for solving important problems of balanced economic development are highlighted due to the involvement in the implementation of strategies of private operators. Defined forms of cooperation aimed at organizing interaction under the «business-government-community» scheme, the classification of PPP types is described, its forms and significance are analyzed in the system of providing of natural and technological and environmental safety on the basis of preventive safety. The promotion of the partnership mechanism in preserving and developing the ecological infrastructure is disclosed. The use of PPP as a mechanism for attracting investment projects to financial resources, redistributing risks and strengthening the responsibility of PPP parties for the implementation of investment projects is shown.