Public-Private Partnerships: The Role of Infrastructure Development in China and Russia

Abstract

Given the need for accelerated development of the Chinese and Russian economies, infrastructure, being one of the key drivers of economic growth, is becoming an important asset for modernization. In this regard, the article analyzes the development of one of the fundamental tools for creating and modernizing the country's infrastructure facilities – Public-Private Partnership (PPP). The leverage of PPPs in recent years aims to bridge the infrastructure gap and alleviate budget constraints in both countries. The potential of PPPs can also be considered in the context of increasing the efficiency of managing state tangible assets and increasing the financial return on their operation without losing state property right.