Abstract

The objective of this research is to consider some controversial issues of the development of public-and-private partnership (and concession agreements as its most common form) in Russia. Some complaints made by arising from Federal Antimonopoly Service of the Russian Federation to some infrastructure projects are reviewed. The authors studied dynamics of private investments into infrastructure projects in the conditions of imperfect legal regulation. The assessment of the validity of the position of Federal Antimonopoly Service is given. It is predicted whether the legislative collisions will prevent the growth of private investments into infrastructure. Recommendations on the development of the mechanism of public-and-private partnership with the observance of antimonopoly regulation, as well as recommendation on the improvement of the legislation in this area are developed. The results of the research can be used by both private participants of public-and-private partnership and the federal, regional and municipal authorities, and also by legislators working on the improvement of the legislative regulation in this area.

Highlights

  • Public-and-private Partnership (PPP) is the perspective mechanism that allows transferring some functions on creation, development, modernization, maintenance of public property for rendering high-quality services to the population to private economic entities in the conditions of deficiency of budgetary funds.Certain theoretical basis of PPP has been created in the Russian science already

  • The authors analyzed the dynamics of infrastructure projects with the use of PPP under conditions of the existing legal regulation and their possible prospects taking into account the FAS activity

  • According to the National PPP Center, despite the reduction and the obvious lack of budget financing of the public infrastructure in Russia, the quantity of infrastructure projects, which realization is enabled with the use of the mechanisms of PPP increases

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Summary

Introduction

Public-and-private Partnership (PPP) is the perspective mechanism that allows transferring some functions on creation, development, modernization, maintenance of public property for rendering high-quality services to the population to private economic entities in the conditions of deficiency of budgetary funds. Certain theoretical basis of PPP has been created in the Russian science already. The greatest contribution to its development was made by modern scientists (economists) and by representatives of the civil and financial law: A.V. Belitskoy, N.A. Ignatyuk; V.A. Kabashkin; A.A. Rodin; H.M. Salikhov; I.A. Skripnikov; A.A. Spiridonov; S.V. Shorokhov; A.T. Hidzev, etc

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