Concession agreements as a means of attracting investment in transport infrastructure

Elena V. Boldanova () and Natalya P. Bakalenko ()
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Elena V. Boldanova: Baikal State University
Natalya P. Bakalenko: Siberian Transport University

Economic Consultant, 2020, vol. 29, issue 1, 4-11

Abstract: The relevance of the research topic is due to the need to ensure adequate investment for the development of transport infrastructure. State funds cannot provide for investment flows. The most flexible tool for attracting private capital is a public-private partnership in the form of concession agreements. Unfortunately, there is no standard methodology to assess the effectiveness of a public-private partnership project, which is a prerequisite for participation in a public-private partnership. The assessment of the current market for public-private partnership projects is based on statistical analysis methods. The study revealed an increasing role of public-private partnership in the development of transport infrastructure. The author compares the existing methods for assessing the effectiveness of public-private partnership projects using comparative analysis methods. The evaluation methods do not provide for assessing compliance with the deadlines and quality of project facilities or services provided; they lack verification for the classical balance between price, timing, and quality. Further research might focus on direct and indirect effects from the development of infrastructure based on multicriteria decision-making and balance methods.

Keywords: concession agreements; public-private partnerships; infrastructure; transport; investment; efficiency balance (search for similar items in EconPapers)
JEL-codes: L30 (search for similar items in EconPapers)
Date: 2020
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