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

Abstract

The most recent international experience shows that public-private partnership (PPP) is a public procurement that improves the management of public and municipal property in the construction sector. This article proposes a method for ranking countries by the probability of being successful in implementing a PPP. The new methodology is based on a system of indicators to assess the quality of the institutional environment, the experience of project implementation, the state readiness, private organizations, and the society for the effective implementation of PPP projects. We develop a new method to gauge challenging Russia’s new legislation that, although having been introduced in 2015, has already boosted a tumultuous number of new PPP projects and it is expected to enhance PPP opportunities in the country further.

ESD for Public Administration: An Essential Challenge for Inventing the Future of Our Society

“…Local and central public administrations have to promote sustainable development and limit actions that could lead to natural or social imbalances, to formulate and execute plans reflecting sustainable development principles [45][46][47]. Their policies are influenced by actual environmental issues, the available resources and the types of decision-making processes they are involved in [48,49].…”

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“…Анализ зарубежных публикаций указывает на следующие аргументы в пользу целесообразности выбора ГЧП как одного из инструментов финансирования инфраструктурных проектов: наличие годового дефицита (от 20 до 40 %) инвестиций в объекты инфраструктуры [Абдуллаев Н. В. и др., 2016], нехватка финансовых ресурсов для развития производственной и социальной инфраструктуры Городнова Н. В., Пешкова А. А., 2015], инновационная основа для ГЧП-проектов в таких сферах, как транспорт, здравоохранение, образование, туризм, жилищно-коммунальное хозяйство и др. [Berezin А. et al, 2018;Llanto G. M. et al, 2016;Roumboutsos A. et al, 2015;, привлечение частных инвесторов [Marques R. C., Berg S., 2011], реализация национальной экономической политики [Mostafavi A. еt al., 2014].…”

“…), в то время как европейские ГЧП-проекты имеют среднюю стоимость около 230 млн евро. Это говорит о необходимости дальнейшего развития государственно-частного партнерства Проекты с государственным участием в России с использованием для этих целей международной практики [Berezin А. et al, 2018;.…”

A Principal-Agent Theory Perspective on PPP Risk Allocation

“…Long term collaboration between the public and the private sector is essential for sustainable economic growth. It brings better efficiency and sustainability in the delivery of public services by fostering innovation and private sector financing [1]. However, according to the World Bank, there is a significant gap between available investment and the investment required for the provision of services [2].…”