Public-Private Partnership In Russia Research Articles

Development of Public-Private Partnerships in Russia from 2015 to 2023

Public-private partnership (PPP) is a financial instrument that allows attracting private investment in the development of social infrastructure and allocating budget funds more efficiently. The goals of this tool are to improve the quality of life of the population and raise the welfare of the country. Within the framework of the theory of a mixed economy, the state, through PPP, abandons inefficient forms of management, shifting the management of state property and various responsibilities to the private sector, which brings organizational experience and various innovations to production, invests its own funds in the development of the enterprise and minimizes the risks of entrepreneurial activity. The important aspect of exploring the opportunities that public-private partnership brings for the Russian Federation and private business is to consider the development of PPP over the past few years. Taking into account the stated fact, a small study was conducted, consisting in the analysis of the development of public-private partnership in Russia in the period from 2015 to 2023.

Cross-country analysis of the institutional support for public-private partnership

Subject. We consider the development of the public-private partnership system in Russia and foreign countries. Objectives. The purpose is to review effective models of public-private partnership that are widespread abroad, to assess the prospects for their implementation in Russia. Methods. The study employs methods of institutional and statistical analysis. Results. The study unveils a reference group of countries (Canada, France, Japan, the Republic of Korea), where successful institutional development of public-private partnership requires detailed study; formulates proposals to support public-private partnership in Russia at the national and regional levels. Conclusions. Success in the interaction of the public and commercial sectors in Russia depends on the development of by-laws for individual industries, in which projects are implemented on the basis of public-private partnership.

Public-Private Partnership as a Model of Public Infrastructure Development

A public-private partnership (PPP), a long-term pooling of public and private partners’ resources, sharing risks, responsibilities, and results, is a successful tool employed in many countries to develop public infrastructure. The article argues that PPP is the optimal cooperation between the state and private sectors to solve social and economic problems. Even though PPP as the phenomenon of the modern economy appeared not too long ago, it had objective prerequisites, including the prior forms of cooperation between the state and individuals. The study of these prerequisites reveals the development patterns of PPP development, including its effectiveness, that allows politicians to harness them to develop an optimal state policy in the area. The article provides a comparative analysis of the PPP abroad to assess the intermediate results of the PPP development in Russia. In many countries (Canada, France, and Great Britain), a PPP as an economic model for developing the infrastructure complex has proved its viability and significantly contributes to social and economic development. It is essential that in addition to direct economic effects, a publicprivate partnership might result in indirect influence, including a positive impact on institutional development. Public-private partnership in Russia has not yet found wide application for improving the infrastructure complex. Therefore, it does not have enough impact on economic development. Despite the large volume of research on PPP, there are few comparative studies of PPP development in countries at different levels of socio-economic development. Relying on the conducted study of PPP in Russia and the leading foreign countries, the strategic model of PPP proposed by the author as well as broader foreign experience in PPP, the article provides recommendations aimed at better utilization of the opportunities provided by fostering of this form of cooperation between the state and individuals and increasing its role in the economic development of Russia.

Public-private partnership in Russia: Problems of regional development

Social infrastructure provides the development of the territory of regions and countries. Public-private partnership is currently one of the most important tools for modernizing social infrastructure. A modern analysis of publications on infrastructure development shows a high interest of scientists in this issue: The relationship between quantitative and qualitative indicators of infrastructure functioning and socio-economic development of territories, and the dysfunction of management practices are studied. At the same time, the scientific literature does not sufficiently study issues related to a comprehensive assessment of the level of development of public-private partnership, restrictions, and prospects for interaction between government and business on the development of social infrastructure at the regional level. The purpose of this article is to identify the limitations and prospects of interaction between government and business on the development of social infrastructure at the regional level in the Russian Federation based on an integrated assessment of the level of PPP development. The main method of this research is an expert survey of civil servants and representatives of the business community in the Moscow region. The results of the study revealed a low level of mutual trust between business and government, and an average level of PPP development at the regional level. It is concluded that to assess the depth of development of the PPP mechanism in the region, it is necessary to include criteria that demonstrate the evaluation of these projects by the PPP participants themselves. Assessment of the level of PPP in the region should be integral, contain both quantitative indicators (financial and economic) and qualitative (assessment of PPP participants). The strategic direction of PPP development should be to increase the involvement of all stakeholders, taking into account their views in making management decisions in this area. This will help to increase the transparency and openness of the relevant procedures and will allow timely identification of dysfunctions that arise as a result of interaction between government and business.

Features of the Institutional Environment of Public-Private Partnership in Russia: Regional Aspect

In the current crisis economic conditions, the public-private partnership (PPP) mechanism can be used as one of the key ways to attract extra-budgetary sources of funds for the implementation of investment projects at the regional level. Despite the growing number of PPP projects in Russia, the presence of significant institutional constraints at the regional level hinder the further development of this mechanism. In particular, there is a lack of interconnection of PPP projects with long-term investment and state development programs at the regional level, low sectoral diversity of projects, high dependence of PPP projects on state financial institutions, and insufficient information support of regional PPP practices. The situation is aggravated by the lack of long-term money in the economy against the backdrop of limited private partners’ funds for the implementation of long-term PPP projects, as well as by existing legal restrictions. The practical purpose and scientific value of this article lie in the construction of a holistic and logical vision of solving the identified institutional problems of PPP development at the regional level.

The Economic and Legal Regulation of Public-Private Partnership in Russia: The Analysis of Influence Factors, Institutional Framework, and Best Practices

The Economic and Legal Regulation of Public-Private Partnership in Russia: The Analysis of Influence Factors, Institutional Framework, and Best Practices

Analysis of the Current State and Prospects of Implementation of the Public-Private Partnership Mechanism in the Oil and Gas Industry of the Russian Federation and the Republic of Azerbaijan

The relevance of research on the implementation of the public-private partnership mechanism is determined by the important role of the state in investment projects of oil and gas enterprises. The article discusses the global practice and the experience of applying the mechanism of public-private partnership in the oil and gas sector of the Russian economy, identifies elements of the synergistic effect of public-private partnership, describes models of public-private partnership, presents successful examples of public-private partnership in the oil and gas sector of Russia. The key problem of the implementation of the mechanism of public-private partnership in Russia is identified, which consists in the insufficient development of medium-term and long-term financing and it is proposed to increase the level of attracted foreign capital through project financing. An assessment of the application of the mechanism of public-private partnership in the countries of the Eastern Partnership is carried out and the experience of the oil and gas sector of Azerbaijan is considered. The creation of a Public-Private Partnership Development Center in Azerbaijan is proposed to support public-private partnership policies, as well as support projects and programs of partnership between the state and business.

Risk assessment of public-private partnership in Russia based on the fuzzy logic method

This paper is the first to assess the integral level of risks in public-private partnership (PPP) projects being implemented in Russia, taking into account the stages of project implementation. The results of empirical assessments have shown that the aggregate risk level is now estimated by experts as high. The key risks are incorrect assessment of project parameters, possible change of tariffs as well as risks related to the construction stage and demand for services. The majority of risk factors in PPP projects are of sectoral, project-level nature and are not related to economic, political or legal conditions. The study has shown differences in the structure of risks that partnership subjects are willing to take and transfer to another party, which has allowed to justify the distribution of risks among participants.

РЕЛЯЦИОННЫЙ ПОТЕНЦИАЛ ОБЪЕКТОВ ГОСУДАРСТВЕННО-ЧАСТНОГО ПАРТНЕРСТВА ЖЕЛЕЗНОДОРОЖНОГО ТРАНСПОРТА

The paper reveals the etymology of the Public-Private Partnership (PPP) and features of legal regulation in Russia. The authors have carried out an analysis of the main modern models of legislative management in this sphere of legal relations in foreign countries. Moreover, they consider the main projects of construction and reconstruction of the JSC RZD railway infrastructure implemented or planned for implementation on the principles of PPP. The SWOT analysis identified not only the risks of using existing forms of PPP in Russia but also the high potential of using such projects on the railway network contributing to the rapid renewal and development of public infrastructure to meet the needs of customers and the population with budget savings. However, at the present stage, methodological aspects of the legislative calculation and assessment of project efficiency, complexity of regulatory and legal interaction of parties and a process of investment return hinder the rapid implementation of PPP system on the railway transport in the Russian Federation. The authors propose a modification of direction for strategic planning of operation of investment objects through relational interaction of parties to the agreement by creating a state system of instances of PPP. For this purpose, they introduce a concept of «relation potential of Public-Private Partnership instances» that characterizes a complex availability of reserves from parties to ensure the long-term functioning of the chosen strategy. The paper provides a method of integral performance assessment of PPP project that allows analysing the efficiency of using allocated resources and assessing the potential of investment object exploitation.

Public-Private Partnership in Russia: Realities and Prospects under New Life Conditions

Public-Private Partnership in Russia: Realities and Prospects under New Life Conditions

Legal Regulation of Public-Private Partnership in Russia and Other Countries of the Eurasian Economic Union

This article examines comparatively legislation on the public-private partnership in the countries of Eurasian Economic Union and the relationship with Model Law “On Public-Private Partnership” adopted within the framework of the Commonwealth of Independent States. It is argued that the national acts of such countries could be improved and harmonized by developing their categorial apparatus and the extension of permissive regulation of public-private partnership. The legal qualification of an agreement on public-private partnership and other investment contracts with the participation of the State stipulated in other laws is also examined. It is concluded that such agreements comprise not only private, but also public law elements and might be regulated in special legislation containing rules of civil and public law on the basis of balancing private and public interests in public-private partnership.

Problems of Implementation of Public-Private Partnership in Russia

The article is devoted to investigate the problem of creation and improvement of country’s infrastructure based on public-private partnership (further referred as PPP). As an object of research, authors look at public relations, that arise during the implementation of projects under the framework of the PPP law. The article considers the norms of the PPP law, as well as other laws, that regulate various aspects of agreements under PPP.As a result of conducting research, authors conclude that first of all, the difference between PPP and other forms of collaboration between the state and private sector (e.g. rent, privatization) is in its private principles, legal mechanisms and forms of realization. Such relations require a well-developed normative-legal basis. Secondly, the main idea of the stated law is not the opportunity for the private party to purchase the object of the agreement, but a wide opportunity to develop an effective form of PPP. Given this, authors point out, that the law about PPP possesses a number of features, that need to be considered alongside with various branches of legal rights.After the law was accepted, there was a need to reconsider a number of normative-legal acts of federal and regional significance in the aspect of public investment and budgetary guarantees. Given this, it is necessary to investigate the problems of public-private relations regulation in a complex manner, which will allow to define the key directions for the development of this institution.

Государственно-частное партнерство в России: этимология и законодательные механизмы

Государственно-частное партнерство в России: этимология и законодательные механизмы

Public-Private Partnership in the Agriculture of Russia and the European Union: Economic Problems and Prospects for Development

The authors of the article explore the specifics of the development of public-private partnership in the economy of Russia and the countries of the European Union. In the study, the authors identified the factors that affect the development of public-private partnerships in nowaday conditions. The authors’ interpretation of the concept of ‘public-private partnership’ is given in the article, the features of its use in agriculture are analyzed. The experience of development of public-private partnership in the EU countries and Russia is considered. The study presents extensive statistical material that characterizes the level of PPP development in the EU and Russia. The successful experience of using the PPP mechanism in the Russian agriculture is presented. The authors outline the priorities for the development of public-private partnership in Russia and the EU. The conclusion is made about the need for active development of PPP in the agriculture of Russia, the development directions in the EU are defined.

State-private partnership: aspects of application in the agricultural sphere

The relevance of the study is determined by the importance of using the mechanism of public-private partnership in the agro-industrial complex, which allows, under conditions of mutual benefit for the state and business, to expand the resource base and channel untapped resources to sustainable agricultural development. The aim of the article is to study theoretical approaches and substantiate practical recommendations aimed at improving the mechanism of public-private partnership in the Russian agro-industrial complex. In preparing the article, general scientific methods of research were used: analysis and synthesis, generalization, comparison, classification. Results. The mechanism of public-private partnership in modern conditions is investigated, its definitions and essence are analyzed, its importance as an effective form of realization of investment activity is defined. The benefits of implementing public-private partnership projects for the state, business and the whole economy are systematized. Key risks for participants of public-private partnership are highlighted. The foreign experience of realization of joint projects of the state and business is analyzed. Features of public-private partnership in Russia are considered, tendencies of its development are determined. It is established that the agro-industrial complex as a sphere of application of public-private partnership needs special attention, since it is responsible for life support and ensures food security of the country. The program-targeted approach is analyzed, which is implemented in the form of the State Program for the Development of Agriculture and Regulation of Agricultural Products, Raw Materials and Foodstuffs of the Russian Federation. The government benefits from investing in the development of the agro-industrial complex are determined. The directions of methodical work in the sphere of the implementation of public-private projects are singled out. It is concluded that state-private partnership in the agrarian sphere is capable of becoming the main direction of increasing the competitiveness of Russia.

PECULIARITIES OF APPLICATION OF STATE-PRIVATE PARTNERSHIP IN ENERGY

At the article the main forms of interaction between the state and business in applying the experience of public-private partnership in Russia and abroad are elucidated. The decision of a problem on realization of the project of a heat supply in one of cities of Murmansk region is considered. The issue of a mechanism for financing large-scale projects using project financing on the basis of public-private partnership in world practice is elucidated. Conclusions about the expediently of applying public-private partnership as a mechanism for interaction between business and the state are drawn.

The special features of legal regulation of public-private partnership in Russia

The article analyses special features of legal regulation of public-private partnership (PPP) in Russia nowadays. The European experience of legal regulation is studied including the special features of contract relations in public-private regulation and the relations connected with the related to the distribution of property rights, costs and risks of the state and private actors. In Russian legislation PPP is considered as a way of way of attraction of business to creation of public goods. Despite the fact that Federal Law № 224-FL “On Public-Private Partnership, Municipal-Private Partnership in the Russian Federation and Amendments to Certain Legislative Acts of the Russian Federation” consists legal bases of public-private partnership, practice shows that many questions are not regulated yet. On the example of the public-private partnership in innovation sphere it is showed that the problems of delineation of powers of the federal center and subjects, the mechanisms of long-term financing, the absence of the concept of the development of the PPP, and some problems of the system of public administration seems to be real difficulties. The improvement of the legal regulation of PPP and of the ways of financing and crediting of the PPP projects, the improvement of tax and tariff regulation, formation of legal bases and institutes of commercialization of results of innovations are proposed as possible decisions of the named problems.

The Implementation of Transportation and Transit Projects on the Basis of Public-Private Partnership in Russia

The article considers the main directions of the implementation of the current transportation and transit projects on the basis of the institution of public-private partnership in Russia. This work is a continuation of the study of the theory and practice of the application of public-private partnership in the investment projects aimed at the development and realization of the transportation and transit potential of the country. On the methodological basis of evolutionary and institutional economics, historical approach, system-oriented analysis and the theory of firms, the main current projects for the development of Russian transportation and transit system using public-private partnership are considered. They are the construction of a high-speed line of Moscow — Kazan with subsequent extension to the Chinese border; functioning of the transport and logistics in the Chelyabinsk region; infrastructure of transit cargo by Northern Sea Route; participation of foreign investors in the development of Russian seaports and sea gates. It is shown that the competitive advantage of transit traffic by a particular route requires more traversing speed of cargo with a minimum of stops, handling and overloads in the way. Revenue from transportation and transit potential implementation can be comparable to the size of the resource rent in the case of the development in Russia of the production and transit sector of the economy, and not only of a transit one . In this regard, the emphasis is placed on the determination of the possibility and necessity of organizational changes associated with the development of a large public-private transportation company, able to compete with global sea container services of the route of Asia — Europe. The main directions and activities under the proposed national project «Development of transit economy in Russia: Uniting Eurasia» and its subprogram «Creation of innovative rolling stock for container and multimodal transport» are developed. The results of the study can be used in the preparation of state programs and projects, containing a system of measures to develop and implement the transportation and transit potential of Russia on the basis of institutional and organizational changes.

Развитие государственно-частного партнерства в России

Развитие государственно-частного партнерства в России

Современное состояние и тенденции развития государственно-частного партнерства в России

Современное состояние и тенденции развития государственно-частного партнерства в России