Practice of using the mechanism of state-private partnership in infrastructure projects

Authors

E. N. Alexandrova
Kuban State University, Russian Federation

Abstract

The mechanism of public-private partnership (PPP) is actively used in the world practice for design, finance, build, and operate infrastructure projects, as well as for solving budget constraints. The article defines the general characteristics of the PPP mechanism, its advantages for the implementation of infrastructure projects, the factors determining its effectiveness. Individual PPP development initiatives to attract investment in infrastructure were considered on the example of a number of countries. The expansion of the use of PPP is possible through the introduction of tax increment financing (TIF) into PPP projects.

Keywords

public-private partnerships (PPPs), infrastructure, tax increment financing (TIF)

Author Info

E. N. Alexandrova

Candidate of Economic Sciences, Assistant professor, Associate Professor of World Economics and Management Department at Kuban State University

Email: al-helen@mail.ru

References

  1. Механизм отложенных налоговых платежей как способ финансирования инфраструктурных проектов: зарубежный опыт / под ред. В.А. Дмитриева, А.В. Баженова. М., 2016.
  2. Rewiring public services: business rate retention, Local Government Association, December 2013.
  3. ГЧП как альтернативный механизм. URL: http://www.businesspuls.ru/archives/9366/
  4. Официальный сайт Национального центра ГЧП. URL: http://pppcenter.ru/
  5. Haynesboone. China’s New Rules on Concession of Infrastructure Projects Welcoming Private Investment. URL: http://www.haynesboone.com/alerts/chinas-new-rules-on-concession-of-infrastructure-projects-welcoming-private-investment/
  6. OECD Recommendation of the Council on Principles for Public Governance of Public-Private Partnerships. URL: http://www.oecd.org/gov/budgeting/PPP-Recommendation.pdf
  7. Procuring Infrastructure Public-Private Partnerships Report 2018. Assessing Government Capability to Prepare, Procure, and Manage PPPs. URL: https://ppp.worldbank.org/public-private-partnership/sites/ppp.worldbank.org/files/documents/Procuring%20Infrastructure%20Public-Private%20Partnerships%20_2018_EN2_0.pdf
  8. Public Private Partnerships in infrastructure development. URL: https://www.unescap.org/sites/default/files/4.2.PPP-in-infrastructure-development.pdf
  9. Public-Private Partnership Center to Play Key Role in Infrastructure Upgrades in Small Towns, Cities in the Philippines. 20 August 2018. URL: https://www.adb.org/news/features/public-private-partnership-center-play-key-role-infrastructure-upgrades-small-towns
  10. The Public-Private Partnership Law Review France. The Public-Private Partnership Law Review – Edition 1 (published in March 2015 – editors Bruno Werneck and Mario Saadi). URL: https://www.whitecase.com/sites/whitecase/files/files/download/publications/public-private-partnership-law-review-france.pdf
  11. Xueqing Zhang, Shu Chen. A systematic framework for infrastructure development through public private partnerships. IATSS Research 36 (2013) 88–97. URL: https://www.sciencedirect.com/science/article/pii/S0386111212000337

Statistics

Download data is not yet available.

Article Sidebar

PDF (Russian) JATS XML

Article Details

Issue

2018 · No. 4 (52)

Section

Investments

Publication History

Published 2018-12-07

How to Cite

[1]
Alexandrova E.N. Practice of using the mechanism of state-private partnership in infrastructure projects // Economics: Theory and Practice. 2018. No 4 (52). С. 73–78. URL: https://etip.kubsu.ru/article/view/455

License

Copyright (c) 2018 E. N. Alexandrova

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.