Public-Private Partnership: Models, Forms and Mechanisms of Realization

Abstract

The development of public-private partnership in the Russian economy is conditioned on the need to ensure stable economic growth and improve the quality of life of the population. Imperfection of the regulatory legislation of the private-public partnership, lack of clearly defined terms and concepts, proportion and strategic importance of private-public partnership projects have predetermined numerous theoretical studies, the results of which confirm the high terminological uncertainty of the characteristics and systematization of models, forms and mechanisms of private-public partnership implementation. The study of the modern conceptual and terminological apparatus of private-public partnership allowed to clarify the concepts of “private-public partnership PPP model”, “organizational and legal form of private-public partnership”, “mechanism of implementation” and their relationship, to justify the criteria of differentiation and to identify the models of organization, participation in capital and contractual model as priority areas of interaction between the state and business within private-public partnership, on the basis of which the organizational and legal forms of partnership and mechanisms of their implementation are systematized. There has been shown the classification of models, forms and mechanisms of private-public partnership; it has been stated that “a weak points” are mechanisms of private-public partnership realization, in terms of detail upkeep and operation order, which is stipulated by lack of imperfection of regulatory documents and methodological recommendations, as well as unique terms of arrangement and realization of a private-public partnership project. It has been recommended to develop realization mechanisms using current legislation and foreign practices, taking into account the Russian economic environment and the nature of a certain private-public partnership project. There have been revealed extra virtues that allow to unify terminological and conceptual apparatus of private-public partnership.