The market for public-private partnership projects: key trends in developing countries

Рынок проектов государственно-частного партнёрства: ключевые тренды в развивающихся странах

Merzlov, Igor (Мерзлов, Игорь) ()
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Merzlov, Igor (Мерзлов, Игорь): Perm State National Research University

Munitsipalitet: ekonomika i upravlenie / Municipality: Economics and Management, 2020, 75-84

Abstract: The article provides a quantitative and qualitative analysis of the market for public-private partnership (PPP) projects in Russia and the developing countries. As the research result, the main trends of this market in 2019 have been revealed.The research foundations include the World Bank statistical data on 62 countries. The cumulative investment in the PPP projects in 2019 was USD 96.7 billion. The largest investment share in the PPP projects is provided by the countries of the East Asian and Pacific region, and primarily China. Over the last 10 years, the transport sector has been dominating in the volume and number of implemented PPP projects, with the energy and water supply sectors following. Importantly, projects using renewable energy sources (in particular, wind and solar energy) are gaining dominance in the energy sector. The analysis results identify the PPP mechanisms as one of the priority areas of investment policy in the majority of countries in the coming years. However, a major shift to the largest national and transnational infrastructure projects will be quite obvious. Additionally, the quality of the institutional environment reguating PPP in developing countries will equal the one of the developed countries in the near future. The ongoing PPP projects will be increasingly meeting the “Value for People” criterion.

Keywords: public-private partnership; PPP; infrastructure; project; developing countries; investment; development institutions (search for similar items in EconPapers)
Date: 2020
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