REVIEW OF THE INTERNATIONAL EXPERIENCE OF PPP MECHANISMS INTRODUCTION TO IMPLEMENT INFRASTRUCTURE PROJECTS

Abstract

Public-private partnership (PPP) long ago became a worldwide mechanism for the implementation of big-scale state projects, which require significant financing. One of the most widespread areas of PPP application are the sustainable energy development programs, which when successfully carried out become a key to the energy security for any country. The implementation of similar projects at the national level require the detailed examination and systematization of the international experience, which may be used to elaborate the methodical and practical recommendations for its application in the Ukrainian context. This article analyzes the Asian countries’ experience and introduces the efficiency assessment mechanism for PPP project management by the public sector, based on the analysis made. European countries are well-known leaders in application of public-private partnership for big-scale projects implementation in various economic sectors. Their experience is a good example for Ukraine on its way to energy independence and economic stability. The establishment of partner liaisons with businesses will expand the State’s capacities and facilitate the private sector engagement to profitable and image-building projects for both stakeholders. Prior to elaboration of mechanisms and recommendation for PPP development, an analysis should be carried out to study the international experience of favorable basis establishment to incentivize PPP. The ontological approaches to classification of the national targeted programs were updated to reflect the essence of the targeted sustainable energy development programs. The study of the relevant international experience and domestic practices of clusterization and public-private partnerships has confirmed that for the energy-cluster-based PPPs to be successful the political will of the national government shall be supported by businesses, civil society organizations, research centers and think-tanks, and administrative centers providing assistance to authorities and territorial communities in preparation and implementation of the targeted programs.