Foreign Experience Of Public-Private Partnership For Russian Infrastructure Projects

Abstract

The urgency of improving the mechanisms of formation and effective use of public-private partnership in the socio-economic sphere is determined by the need for further development of industrial and social infrastructure, ensuring the growth of regional competitiveness on this basis. The article summarizes the experience of project management implemented on the principles of public-private partnership, both in the Russian Federation and abroad. The analysis of public investments in public infrastructure showed that their volume is insufficient, the distribution is uneven, both at the inter-sectoral and interregional levels. Unlike many foreign countries, the Russian Federation has historically developed special conditions that require specific approaches to solving infrastructure problems. The experience of implementing PPP projects by European and developing countries has a positive impact on the formation and implementation of strategies for socio-economic development of the Russian Federation as a whole and its individual regions. A condition for successful implementation of sectoral and state infrastructure projects on the principles of public-private partnership is the creation of a favorable investment climate. However, in recent years there has been a steady decline in private investment in public infrastructure. There are certain problems with the financing of public-private partnership projects by Russian insurance companies, pension funds and other credit institutions. In the banking environment, preference is given to lending only to short-term investment projects. The characteristic principles of financing of these projects in the Russian Federation are considered and ways of increase of efficiency of their realization are offered.