MATEC Web Conf.
Volume 170, 2018International Science Conference SPbWOSCE-2017 “Business Technologies for Sustainable Urban Development”
|Number of page(s)||11|
|Section||Municipal Facilities Management. Business Activity Management in Construction. Process Reengineering and Information Systems|
|Published online||13 June 2018|
Public-private partnerships: approaches to assessing economic effects for stakeholders
The National Research University Higher School of Economics, ul. Soyuza Pechatnikov, 190121, 16, St. Petersburg, Russia
2 St. Petersburg State University, ul. Chaykovskogo 62, 191104, St. Petersburg, Russia
3 Institute for Entrepreneurship Problems LLC, 12-th line of Vassylievsky island, 11A, 192241, St. Petersburg, Russia
4 Moscow State Technical University of Civil Aviation, Kronshtadsky, 22, 125009, Moscow, Russia
5 Moscow State University of Civil Engineering, Yaroslavskoe shosse, 26, 129337, Moscow, Russia
* Corresponding author: D.Radoushinsky@gmail.com
The article is devoted to the development of such a form of state property management as a public-private partnership. Public-private partnership is one of the most widespread format of interaction between the state and business. The article analyzes the legal foundations and trends in the development of this form of interaction. Modern methods for assessing risks, benefits and effects for different stakeholders of projects implemented in the form of PPPs are considered. The authors propose their approach to building a financial model and assessing the effects of PPP projects. Taking into account risks, the fair price of participation in the PPP project for both parties is estimated. The proposed financial model can be used to calculate the concession fee in tariff-regulated projects where the state is supposed to participate, usually with the subsequent transfer of the ownership for the created object to the state. The results of the work can be used by departmental and regional centers of public-private partnerships, by specialists of private investor companies and tariff regulation bodies when formulating the financial and economic justification for public-private partnership projects, justifying its preference in comparison with other forms of state budget investments.
© The Authors, published by EDP Sciences, 2018
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited. (http://creativecommons.org/licenses/by/4.0/).
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