Abstract
The article presents the author’s model assessing complex the public-private partnership (hereinafter PPP) projects effectiveness based on the multifaceted development of this tool for the development of regional economic systems. The relevance of the research topic is since accelerating the pace of fundraising, expanding the range of possible options for public-private partnership agreements, increasing the number of innovative projects increase the problem of developing comprehensive criteria for the PPP effectiveness assessing. Most modern studies are rather narrow in nature and consider only one of the aspects of the development of a PPP instrument: the mutually beneficial union of public and private capital. In this regard, the presented study purpose is to develop a conceptual model for the PPP projects effectiveness comprehensive assessment. The sources of this work are the regulatory legal Russian Federation acts in the field of public-private partnerships, the works of domestic and foreign authors in this area, as well as official information pages from the Internet. The developed model includes three stages of efficiency assessment. At the first stage, a qualitative PPP project assessment is carried out. The principles of integrated PPP projects assessment future model are being formed. The risks are to identify in a PPP project for each stakeholder. The second stage analyzes the value of partnerships. This analysis is based on an assessment of various comparative project performance kinds. At the third stage, a three-aspect assessment of the project’s effectiveness is carried out, considering the potential social result from the project and the benefits of the state and private partners. Based on this, the practical significance of the proposed integrated assessment model is determined, both in the regulations development to justify and the individual PPP projects effectiveness.
Highlights
In the modern sense the public-private partnership mechanisms development in Russia began in the 1990s
Summarizing the above, it can be noted that the accumulation of an information base on the PPP practice, an increase in the number of options for PPP agreements, an increase in the number of projects and the volume of attracted funds necessitate the development of new approaches for assessing the PPP projects effectiveness
The PPP projects assessment by business structures contributes to the formation of an information base for subsequent assessments
Summary
Public-private partnership is widespread and is an effective tool for solving such strategic the national economy tasks as:. In the modern sense the public-private partnership mechanisms development in Russia began in the 1990s. This is confirmed by the number of simultaneously implemented PPP projects over the past 10 years, which has increased more than 15 times (Fig. 1). The public-private partnership market in the Russian Federation has 3,656 projects with a total investment of 3.9 trillion rubles (this is 1.7% of GDP), of which 2.8 trillion rubles are private funds of investors
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