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Efficiency Assessment of Public-Private Partnership (PPP) Projects: The Case of Russia

Andrey Berezin (), Bruno S. Sergi () and Natalia Gorodnova ()
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Andrey Berezin: Department of Economic and Mathematic Modeling, RUDN University, Moscow 117198, Russia
Bruno S. Sergi: Davis Center for Russian and Eurasian Studies, Harvard University, Cambridge, MA 02138, USA
Natalia Gorodnova: Higher School of Economics and Management, Ural Federal University, Ekaterinburg 620002, Russia

Sustainability, 2018, vol. 10, issue 10, 1-18

Abstract: The most recent international experience shows that public-private partnership (PPP) is a public procurement that improves the management of public and municipal property in the construction sector. This article proposes a method for ranking countries by the probability of being successful in implementing a PPP. The new methodology is based on a system of indicators to assess the quality of the institutional environment, the experience of project implementation, the state readiness, private organizations, and the society for the effective implementation of PPP projects. We develop a new method to gauge challenging Russia’s new legislation that, although having been introduced in 2015, has already boosted a tumultuous number of new PPP projects and it is expected to enhance PPP opportunities in the country further.

Keywords: sustainable development; infrastructure projects; rating; algorithm for evaluation; public-private partnerships; private sector; state; economic development (search for similar items in EconPapers)
JEL-codes: Q Q0 Q2 Q3 Q5 Q56 O13 (search for similar items in EconPapers)
Date: 2018
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