Infrastructure Public–Private Partnership Projects: Budget Consolidation Policy in Russia and Government Expenditures’ Efficiency Increase

Vaslavskiy, Yan; Vaslavskaya, Irina

doi:10.1108/978-1-78973-265-820191007

Cited by 15 publications

(9 citation statements)

References 14 publications

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“…PPP fosters development growth, enhanced operating and building efficiency, growth in the local economy, improved service quality through the integration of private sector skills, experience and knowledge base that has drawn growing attention from politicians, industry practitioners and academics. It is an approach taken to increase the economic value of infrastructure goods and includes a wide range of services in the public sector [2,3]. PPP has grown into a way of providing infrastructure services worldwide.…”

Section: Introductionmentioning

confidence: 99%

Risk Severity Matrix for Sustainable Public-Private Partnership Projects in Developing Countries

et al. 2021

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The concept of a Public-Private Partnership (PPP) is not new for developing countries, although many initiatives are being contemplated for potential implementation. This paper evaluates the crucial success factor for the effective execution of PPP projects and it also investigates the appropriate distribution of the risks involved in PPP projects. Quartile analysis of features has been made after a detailed literature review for risk identification. The risk severity analysis is done using a quartile assessment. The data is collected from various contractors working on PPP projects in Pakistan. The comparative analysis has been conducted using available research work on PPP in developing countries. A risk severity rank model is created using 47 key risks in PPP projects for developing countries. Finally, the top risks identified by this research are compared with the previous studies conducted in China, India and Egypt. It is concluded that inflation, revenue risk from end-user, foreign exchange fluctuation, political situation, law and order, and corruption are the major risks in developing countries for better management of PPP projects. Most of the PPP projects are public-oriented. The society of any city is directly affected by most PPP projects. This paper presents the identified key risks of PPP projects in developing countries which are mostly financial and public-oriented. This work will support the PPP concept significance, meeting United Nations Sustainable Development Goal (SDG) 8 and 11. Recent countries’ political and economic circumstances and sustainability have transformed PPP ventures into a successful way to support the governments to develop roads, energy and facilities through private partners’ financial and technological capacities. Although PPP is used worldwide, its effective utilization in developing countries is still lacking. This paper is an enhancement to its successful use of the PPP domain for developing countries.

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Section: Introductionmentioning

confidence: 99%

Risk Severity Matrix for Sustainable Public-Private Partnership Projects in Developing Countries

et al. 2021

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“…Such dynamics of demand for infrastructure services can turn them into the most important driver of economic growth in various countries of the world. However, this makes necessary to solve the difficult task of finding the necessary volumes of financing for large-scale infrastructure projects, with the possibility of diversifying its sources, as well as choosing the appropriate PPP forms for their "packaging" [15]. In this regard, national PPP projects in the field of socially significant infrastructure could well be associated with one of the forms of implementing collective choice technology under conditions of economic growth inhibition.…”

Section: Development Of Socially Significant Infrastructure In the Comentioning

confidence: 99%

Aggregation of public choice in Russia: national projects’ potential

Vaslavsky

2020

E3S Web Conf.

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Adequacy of individual values reflection in the resulting public choice on the national level is extremely significant in itself. However, in the conditions of stagnating economy and declining citizens’ welfare this problem aggravates on the background of growing conflicting interests in the society and “accusations” against the state because of decline of population real income. In these conditions, the urgency of the problem of the adequacy of public choice in any country increases from both theoretical and practical view points. Moreover, its significance is great in the context of the experience of Russia as a typical economy with emerging market. The author sets the goals of considering the Russian experience of aggregating individual values and assessing the adequacy of the state’s public choice related to the implementation of national projects in the field of socially significant infrastructure. The goals are achieved through the application of general scientific research methods in the framework of comparative, logical, statistical analysis, as well as through the analysis of structure and dynamics, graphical interpretation of the information provided, etc. As a result, universal problems of public choice in the countries of the world were identified, the public-private partnership was highlighted as the real base and the effective mechanism of aggregation of individual values for the implementation of national projects. This made it possible to demonstrate the effectiveness of public choice in the field of socially significant infrastructure and to test effective forms of cooperation with national private business. In this light, Russia’s choice in favour of national projects as a special technology of aggregation of individual values represents interest both for theorists and practitioners.

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“…In relation to public spending, it implies a concern with economy (cost minimization), efficiency (output maximization) and effectiveness (full attainment of the intended results) (Glendinning R, 1988). The VFM has been justified by the PPP implemented in Russia that it has led to increase efficiency of government expenditure (Vaslavskiy & Vaslavskaya, 2019).…”

Section: Public Private Partnership (Ppp)mentioning

confidence: 99%

Identification of Challenges to Attract Public Private Partnerships for Power Generation Infrastructures: A Review

Fernando

Nanayakkara

2020

Kelaniya J Manage

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Although the required capital investments for electricity generation infrastructure from 2018 to 2037 have been projected around USD 14,568 in Sri Lanka, Ceylon Electricity Board is not in a position to meet this requirement due to its negative cash flows. Full private investments are restricted by the law stating that any person to generate capacity above and over of 25 MW, shall Government hold 51% of ownership. Since the funding of power generation is a top urgent priority in the country, this paper investigates the challenges and critical factors involved in going for a public private partnership (PPP) by reviewing the related literature in other countries and identifying main themes that Sri Lanka needs to take into account. Narrative literature review with thematic analysis revealed that 1) Political Instability, 2) State Credibility on policies, 3) Regulatory and legal framework, 4) Transparent and efficient procurement process, 5) Financial Market, 6) Favourable investment environment, and 7) a strong and good private consortium as the mostly influencing macro factors to build PPP for power generation infrastructure projects in Sri Lanka.

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Infrastructure Public–Private Partnership Projects: Budget Consolidation Policy in Russia and Government Expenditures’ Efficiency Increase

Cited by 15 publications

References 14 publications

Risk Severity Matrix for Sustainable Public-Private Partnership Projects in Developing Countries

Risk Severity Matrix for Sustainable Public-Private Partnership Projects in Developing Countries

Aggregation of public choice in Russia: national projects’ potential

Identification of Challenges to Attract Public Private Partnerships for Power Generation Infrastructures: A Review

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