Public private partnership: international experience and domestic practice

Constructive interaction between government and business is essential for the optimal functioning and sustained economic development of the region and the country as a whole. Public-private partnership is a legally and institutionally fixed system of relations between the state or municipal authority and the private sector for developing socially significant and underdeveloped sectors of national economy to protect the public interest. The system is based on the principles of equality of power between partners, management, risk and income allocation, bringing together public and private sector. The acquired methodological apparatus in the world practice of patterns, forms and mechanisms of public-private partnership allows its use in various sectors of the economy when addressing a number of important tasks of the current socio-economic policy of Russia. As a rule, these relations have developed in the field of production and social infrastructure. This included roads, railways, airports, seaports, power networks, telecommunications, public utilities, education, health care and culture institutions. It is typical that this kind of relations resulted from the policies of liberalization and reduction of the state's involvement in the economy. The recent global economic crisis has led to a strengthening of the public-private partnership in all branches and sectors of the economies of the developed countries. But progress is especially serious in the sectors of production infrastructure - transport communications, energy networks, systems of housing and utility services. Unlike other countries, the Russian government during the crisis sharply reduced its investment in the production infrastructure. Currently, the largest in terms of capital investment are public-private partnership projects in the field of transport infrastructure. A recognized leader among the regions of the Russian Federation in the development of public-private partnership is St. Petersburg. The experience of the developed countries and the Russian practice in the use of public-private partnerships in general seem to confirm the effectiveness and viability of the use of this format of cooperation between the state and the business, especially in infrastructure projects.

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