Problems of Applying the Mechanism of Public-Private Partnership

DOI

10.2991/assehr.k.210225.043How to use a DOI?

Keywords

public-private partnership, concession agreement, state order, efficiency, evaluation procedure, project selection

Abstract

The article is devoted to issues related to the problems that arise when implementing and evaluating the effectiveness of investment projects using the mechanism of Public-private partnership. The problem of using public-private partnership mechanisms in Russia is considered. The relevance of the chosen topic is confirmed by the need to create a well-developed mechanism for attracting private investors and companies to participate in public projects and programs. to develop and manage public infrastructures. The article considers approaches to the selection of PPP projects, lists the main limitations in the selection process, identifies and classifies the features of using PPP forms in relation to various factors, draws conclusions on the justification of a particular form of PPP, and gives some recommendations on project financing. The issues of ranking projects and considering schemes for effective implementation of such projects are discussed. The article is structured in a way that affects the main stages of the project and its acceptance for funding, taking into account limitations in the choice of the project, the proposed selection algorithm, determining a sequence of projects, analyzed forms of PPP and financing models. The scientific novelty of the work consists in the proposed criteria for selecting projects for financing under PPP and in the methodology for ranking projects in the investment portfolio. In addition, the technical limitations and tasks of the sector, legal and regulatory restrictions, institutional problems and other special requirements of the sector, and the tasks of the government were analyzed, on the basis of which recommendations were made on the choice of a particular form of PPP. The proposed algorithm for evaluating PPP projects based on real options methods also deserves attention.

Copyright

© 2021, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Olga E. Astafyeva
AU  - Natalia A. Moiseenko
AU  - Viktor M. Serov
AU  - Tatyana Yu. Shemyakina
PY  - 2021
DA  - 2021/02/26
TI  - Problems of Applying the Mechanism of Public-Private Partnership
BT  - Proceedings of the conference on current problems of our time: the relationship of man and society (CPT 2020)
PB  - Atlantis Press
SP  - 284
EP  - 290
SN  - 2352-5398
UR  - https://doi.org/10.2991/assehr.k.210225.043
DO  - 10.2991/assehr.k.210225.043
ID  - Astafyeva2021
ER  -