Mechanisms for Goal Setting and Risk Management of Concession Projects in Seaports

Abstract

The expediency of implementing concession projects in the port, as one of the types of public-private partnership, which ensures the effective distribution of risks among all stakeholders of the project with the mandatory preservation of state control, is shown. The stakeholders of the concession project in the port such as state, private investors, regulatory authorities, port staff, local authorities, citizens, port business were identified. It was found that each of the stakeholders of the concession project implemented in the port has certain goals. At the same time, the goals of an individual stakeholder are often not consistent with the goals of another stakeholder in the project. A model is proposed for finding the area of mutually acceptable goals for stakeholders of a concession project implemented in the seaport, taking into account the weighting coefficient of a certain indicator for a particular stakeholder. A mechanism for the distribution of risks between stakeholders of the concession project has been developed and the feasibility of using agent-based modeling of the project participants' actions under the concession agreement has been shown.