On Trends in Infrastructure Development Using the Public-Private Partnership Mechanism in the G20 Countries

Aim. The presented study aims to examine project initiatives and proposals for improving funding mechanisms for infrastructure projects based on public-private partnership in the Russian Federation.

Tasks. The authors consider approaches and project initiatives of the G20 countries pertaining to the implementation of public-private partnership projects in the context of the adaptation of infrastructure projects to the Russian market (for the purpose of improving the quality and efficiency of the implementation of infrastructure projects in the Russian market).

Methods. The methodological basis of this study includes works of Russian and foreign researchers in the field of public-private partnership and project financing. The authors use methods of scientific research (expert and comparative analysis, grouping and generalization) selected in accordance with the goals and objectives of the study as well as information publicly available on the official websites of the ROSINFRA platform and the Ministry of Economic Development of the Russian Federation.

Results. Comparative analysis of foreign and national practices in the public-private partnership market makes it possible to identify a number of potential initiatives, including a new approach to the examination of infrastructure projects and proposals for attracting additional investment resources to the public-private partnership market. Adaptation of foreign competencies to the Russian public private partnership market will drive the transformation of the current PPP project model in Russia.

Conclusions. Analysis of methods used by the G20 to assess and implement infrastructure projects based on public-private partnership makes it possible to formulate potential initiatives and proposals for improving approaches to the implementation of infrastructure projects based on public-private partnership in the Russian market and to determine the development vector for the national infrastructure project model.

1. National projects: Structure and investments. ROSINFRA — a platform for supporting infrastructure projects. URL: https://rosinfra.ru/digest/national (accessed on 01.07.2020). (In Russ.).

2. Woetzel J., Garemo N., Mischke J., Hjerpe M., Palter R. Bringing global infrastructure gaps. McKinsey & Company. June 14, 2016. URL: https://www.mckinsey.com/industries/capital-projectsand-infrastructure/our-insights/bridging-global-infrastructure-gaps (accessed on 01.07.2020).

3. Investment in infrastructure: Analytical review. Moscow: InfraOne; 2019. 142 p. URL: https://infraone.ru/analitika/Investitsii_v_infrastrukturu_2019_InfraONE_Research.pdf (accessed on 01.07.2020). (In Russ.).

4. Draft national report on attraction of private investment in infrastructure development and application of public-private partnership mechanisms in the Russian Federation. Moscow: National Center for PPP; 2018. 80 p. URL: https://www.rosinfra.ru/files/analytic//document/9a7e8c2cafcd0da8837d630a1fefdb27.pdf (accessed on 01.08.2020). (In Russ.).

5. Official website of the National Center for Public Private Partnership. URL: http://pppcenter.ru/ (accessed on 10.08.2020). (In Russ.).

6. Russian PPP Week. URL: https://www.p3week.ru/ (accessed on 10.08.2020). (In Russ.).

7. Vnesheconombank official website. URL: https://вэб.рф/ (accessed on 10.08.2020). (In Russ.).

8. G20 Osaka leaders’ declaration. Documents and materials. 2019. Ministry of Foreign Affairs of Japan. URL: https://www.mofa.go.jp/policy/economy/g20_summit/osaka19/en/documents/final_g20_osaka_leaders_declaration.html (accessed on 15.09.2020).

9. G20 IWG report on the results of the survey on public-private partnership developments in the G20 economies. Moscow: National Center for Public Private Partnership; 2019. 46 p. https://cdn.gihub.org/umbraco/media/2851/g20-iwg-survey-report.pdf (accessed on 15.09.2020).

10. Infrastructure for sustainable development: How to attract investment in a new quality of projects. Moscow: Vnesheconombank; National Center for PPP; AECOM; 2020. 24 p. URL: https://вэб.рф/downloads/infrastructure-for-sustainability-web.pdf (accessed on 20.09.2020). (In Russ.).