Economic and Legal Aspects of the Public-Private Partnership Model Development in Russia

A framework for sustainable and integrated municipal solid waste management: Barriers and critical factors to developing countries

“…In this sense, convergences and divergences contribute to delay organizational solutions (Quintero, Thomas and et al, 2018). Among the main convergences, it is possible to highlight the effective interaction between public and private sectors (Berezin, 2015), the systemic transition from old waste management models to attractive, integrated formats (Melink and Lukishina, 2016), with new opportunities and value creation (Keers and van Fenema, 2018). In turn, the divergences lie in the applicability of public policies that help municipalities to diagnose the damage caused by open dumps and sanitary landfills, in addition to the of solutions (Yun Li et al, 2015).…”

“…Restricted funding sources Lack of financial, economic and legal support for the energy recovery of solid waste (Berezin 2015) with difficult means of interaction between the public power (Diaz, 2017) and private companies (Melink and Lukishina, 2016).…”

“…• Restricted funding sources -The use of the PPP predetermines the need for modifications and additions to the standard legal basis that regulates the order of interaction between various parts of the partnership (Berezin 2015). Whoever controls the public infrastructure must establish the necessary requirements for the private partner's investment obligations (Melink and Lukishina, 2016).…”

“…• Linear and reductionist risk management -There are difficulties in the conceptual framework and doctrinal views on the concepts and forms of PPPs. The economic and legal aspects of its operation tend to the implementation of national priority projects, to justify the various forms of interaction between government and private companies able to overcome the consequences of the global financial crisis and economic sanctions (Berezin 2015).…”

Efficiency Assessment of Public-Private Partnership (PPP) Projects: The Case of Russia

“…Also, developing countries and transition economy countries, such as Russia and China, are advanced in the application of innovations [30,45]. The availability and influence of many factors determines the level of innovations in those countries: quality of formal and informal institutional environment [46,47] (including legal framework and methodical support for entities' activity), development of general environment (economic, financial, political influence), skillset of administrators and managers within governmental authorities and private sector, level of society support and involvement in innovation projects implementation, etc. According to Schaeffer and Loveridge (2002) [48], the differences in characteristics of PPP arrangements that are important to their success or failure are overlooked.…”