The Role of the Public-Private Partnership in Local Development

Pavlo Shylepnytskyi ()
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Pavlo Shylepnytskyi: Fedkovych Chernivtsi National University

Agricultural Economics and Rural Development, 2017, vol. 14, issue 2, 209-216

Abstract: The article is devoted to the peculiarities of the Public-Private Partnership (PPP) utilization in local development. The public-private partnership is currently considered an innovative tool of the territorial units’ development at local and regional levels. It is a collaboration of the state and private business in developing the common use of infrastructure facilities and related service provisions, which involves changing the traditional role of the former in this process, namely the redistribution of the functions of design, financing, construction, rehabilitation, operation and maintenance of roads, airports, railway stations, water supply and so on to the private sector, including the transfer of risks. The article takes into consideration the general characteristics of PPP and its models. The main trends of global PPP market development are defined. The necessity of PPP use in the development of regional infrastructure is grounded, and its advantages are presented.

Keywords: public-private partnership (PPP); public infrastructure; infrastructure services; government; PPP market. (search for similar items in EconPapers)
JEL-codes: H54 (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:iag:reviea:v:14:y:2017:i:2:p:209-216

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