Public-private partnership in the Russian Federation at the present stage: Trends and problems of development

Abstract

Aim. To generalize the trends and problems of public-private partnership (PPP) development in the Russian Federation (RF) at the present stage.Objectives. To perform a brief review of the history of PPP development in Russia; to disclose the essence of theoretical provisions regarding the features and principles of PPP; to analyze the data characterizing the development of PPP in 2018–2022 in terms of the number and types of projects, the amount of financing raised, the levels of their implementation (federal, regional, municipal); to study the features of the implementation of the concept of “PPP for the benefit of people” in modern Russian practice.Methods. With the help of general methods of scientific cognition in various aspects, the authors have considered the features, trends and problems of PPP development in Russia, characteristic of the current state, as well as determined the general directions of their solution.Results. PPP is a modern method of attracting private capital to solve socio-economic problems of development of industries and territories. Its features are revealed through economic, social, financial, legal, managerial, political sides. The actual set of principles includes expediency, efficiency, legality, priority of public interests, responsibility of the parties to obligations, information transparency. The world practice has accumulated experience in the use of various PPP projects. The modern trend is the inclusion of sustainable development goals in the PPP development concept, which significantly modernizes approaches to the selection of PPP projects. The main trends of PPP development in Russia include the predominance of PPP projects implemented by type (concession agreements), number (municipal level projects), financing volumes (regional level projects), specific financial capacity (federal level projects); expansion of the range of sectors, objects, introduction of new measures, tools and mechanisms for the development and modernization of social infrastructure, ensuring technological sovereignty. The multiplicity of problems of PPP development in Russia is caused by legal, macroeconomic, personnel, political, managerial factors, which determines the need for continuous improvement of organizational, legal, financial and economic mechanisms.Conclusions. The study of trends and problems of PPP development in Russia allows not only to identify the national specifics of attracting private capital to solve problems of socio-economic development, but also to identify ways, directions of improving the welfare of the population, the growth of competitiveness of individual territories on the basis of a fuller use of entrepreneurial potential of regions.