English
Русский 
Ukrainian 
| HOME PAGE | |
№ 3/2018
NYKYFORUK Olena Ihorivna1, GUSEV Yu. 2, CHMYROVA Larysa 3
1Institute for Economics and Forecasting, NAS of Ukraine
2Ministry of Infrastructure of Ukraine
3Institute for Economics and Forecasting, NAS of Ukraine
Public-private partnership: institutional environment for the development and modernization of Ukraine's infrastructure
| Ekon. prognozuvannâ 2018; 3:79-101 | https://doi.org/10.15407/eip2018.03.079 |
ABSTRACT ▼
The article systematizes the hierarchical levels of the institutional environment for the introduction of PPPs in Ukraine in terms of megaeconomics, macroeconomics, mesoeconomics and microeconomics. The authors reveal the participants of the institutional environment, which are represented by the regulatory institutions determining the standards of relations, rights and obligations of the participants, and the constructive and investment institutions. At the level of megaeconomy, regulatory institutes are represented by: principles and standards of international law in relation to PPPs, international agreements, the market of international PPP projects; and the Sustainable Development Strategy 2030. The constructive institutions of that level include the integration of national infrastructure networks, and institutions of international infrastructure projects (for example, the Great Silk Road). The investment institutes include international financial institutions, international investment banks, the global stock market, infrastructure banks, etc.
Regulatory institutions of the macroeconomic level are the Constitution of Ukraine, government programs, laws, and regulations on the PPPs and concessions, the Strategy of Sustainable Development of Ukraine 2030, the market of domestic infrastructural projects, the institution of public procurement. The constructive institutions include Ministry of Economic Development and Trade, Ministry of Infrastructure, Ministry of Regional Development and Construction, project offices, the institution of public program-target planning, the institution of interaction between public authorities. The investment institutes include budget funds, targeted financing, subsidies, private investments, and project funding.
The authors analyze data on the number and quality of PPP projects in Ukraine and abroad. A comparison between the data on the implementation of PPP projects in Ukraine according to the World Bank and domestic sources has been performed, and the fragmentation of data accounting for PPP contracts and concession agreements has been identified. The conclusion is made about the necessity of systematization and unification of relevant data at different levels of the hierarchical structure of the institutional environment for the implementation of PPPs in Ukraine, that is, on the levels of megaeconomy and macroeconomy, and macroeconomy and mesoeconomy.
It is noted that the presence of institutional traps causes intensification of further scientific research and development of recommendations in the field of introduction and development of PPP mechanisms for financing the development and modernization of infrastructure within various guidelines. Such guidelines include the regulatory and legal framework for the development of PPPs in Ukraine via further specification of the provisions of the Law of Ukraine "On Public-Private Partnership"; studying the feasibility and effectiveness of various forms of PPP implementation (concessions, renting, leasing, etc.) in financing large national projects, including projects on the development of Ukraine's economic infrastructure, as well as scientific substantiation of their use; studying the regional peculiarities of the use of PPP mechanisms in this country for financing strategic investment projects, in particular large infrastructural projects, and social and humanitarian projects in the framework of the implementation of the new regional policy; and additional studies of advanced international experience in the implementation and development of PPP mechanisms for financing national projects, in particular, for involving the IFIs and other non-governmental organizations.
Keywords: public-private partnership, institutional environment, infrastructure, transport, projects, investments
JEL: R 42
| Article in Ukrainian (pp. 79 - 101) | Download | Downloads :1053 |
REFERENCES ▼
2. Eggers, W., Startup, T. (2006). Closing the Infrastructure Gap: The Role of Public-Private Partnerships. A Deloitte Research Study. The global report.
3. Public-private partnership in the system of regulation of the economy (2012). NAS of Ukraine, Institute for Economics and Forecasting. Kyiv [in Ukrainian].
4. Public-private partnership in the state's relations with international organizations and multinational companies (2015). NAS of Ukraine, Institute for Economics and Forecasting. Kyiv [in Ukrainian].
5. Gerrard, M.B., Michael, B. (2001). What are public-private partnerships, and how do they differ from privatizations? Finance & Development, 38: 3. Retrieved from www.imf.org/external/pubind.htm
6. Vinnyts'kyj, B., Lend'el, M., Onyschuk, B., Sehvari, P. (2008). Experience and prospects of the implementation of public-private partnerships in Ukraine and abroad. Kyiv: K.I.S. [in Ukrainian].
7. Uajt, E., Dezilets', B., Masliukivs'ka, O., Shevchuk, Yu. (2009). Public-private partnership handbook. Kyiv: USAID [in Ukrainian].
8. Zapatrina, I.V. (2013). Public private partnership: a potential for developing economies. Lambert Academic Publishing – Saarbrucken [in Ukrainian].
9. Simson, O.E. (2015). The legal model of public-private partnership as an instrument of the harmonization of public and private interests in Ukraine's innovation strategy. The dissertation author's abstract on obtaining a degree of doctor of jurisprudence in specialties 12.00.04, 12.00.03. National Law University named after Yaroslav Mudriy. Kharkiv [in Ukrainian].
10. Pyl'tiaj, O.V. (2011).Contemporary concepts and approaches to the definition of public-private partnership. Ekonomika. Upravlinnia. Innovatsii – Economy. Managenet. Innovations, 2. Retrieved from nbuv.gov.ua/j-pdf/eui_2011_2_40.pdf [in Ukrainian].
11. Bondar, N.M. (2010). Public-private partnership: essence and principles. Visnyk Natsional'noho transportnoho universytetu – Bulletin of the national transport university, 21 (1), 232-237 [in Ukrainian].
12. Kvitka, S.A. (2015). Public-private partnership as an effective mechanism for the interaction between government and business. Aspekty publichnoho upravlinnia – Aspects of public administration, 7-8 (21-22), 47-56 [in Ukrainian].
13. Hryschenko, S. (2011). Preparation and implementation of public-private partnership projects. A practical guide for local authorities and businesses. Kyiv: FOP Moskalenko O.M. [in Ukrainian].
14. Risks and prospects of Ukraine's development during the period of post-crisis recovery (2012). NAS of Ukraine, Institute for Economics and Forecasting. Kyiv [in Ukrainian].
15. Cherevykov, Ye.L., Bohdan, I.V., Iholkin, I.V. (2011). Financial support of strategic infrastructure projects on the basis of public-private partnership. State budget and budget strategy: From stabilization to sustainable development in conditions of economic reforms: in 4 vol. Vol. 1: Stabilization of public finances in the context of the reform strategy. State Educational and Scientific Institution Academy of Financial Management. Kyiv [in Ukrainian].
16. Zapatrina, I.V. (2010). Public-private partnership in Ukraine: Prospects for the implementation of infrastructure projects and public services. Ekon. prognozuvannâ – Economy and forecasting, 4, 62-90 [in Ukrainian].
17. Realization of public-private partnership projects in Ukraine. PPP as a mechanism for effective cooperation between the state and private partners in the field of infrastructure (2017). Retrieved from mtu.gov.ua/files.pdf [in Ukrainian].
18. The European PPP Report 2009 (2010). EPEC, DLA Piper. Retrieved from www.eib.org/epec/infocentre/documents/FINAL%20FINAL%20EUROPEAN%20PPP%20REPORT%202009.pdf
19. Pavel, G. State-private partnership as a tool for the realization of large-scale projects. Analytical study (2013). Retrieved from www.webcitation.org/6FclsScjo?url=http://www.gradient-alpha.ru/assets/docs/PPP-Research-14.03.2014.pdf
20. Nykyforuk, O.I., Chukaieva, I.K. (2014). Infrastructure bonds as a tool for attracting investments for modernization in the practice of foreign countries. Efektyvna ekonomika – Effective economy, 4 [in Ukrainian].
21. Mel'nyk, A.F. (2017).Public-private partnership in the system of institutions of the national economy: mechanisms of development. Ternopil: Ekonomichna dumka TNEU [in Ukrainian].
22. Stepanova, O.V. (2012). Institutional mechanisms for the development of public-private partnership in Ukraine. Efektyvna ekonomika – Effective economy, 6. Retrieved from www.economy.nayka.com.ua/?op=1&z=1227 [in Ukrainian].
23. Alsuf'ieva, O.O. (2015). The mechanism for coordination of economic interests of the subjects of national economy: levels and means of coordination. Ekonomichnyj visnyk NHU – Economic Bulletin of the NMU, 1 (49), 34-43 [in Ukrainian].
24. Posner, A., Shin, B., Tkachenko, N. (2008). Public-Private Partnerships: The Relevance of Budgeting. OECD Journal on Budgeting, 9, 1. doi: doi.org/10.1787/budget-v9-art3-en
25. On the development of public-private partnership as a mechanism for reviving investment activities in Ukraine. Analytical note. National Institute for Strategic Studies. Retrieved from www.niss.gov.ua/articles/816 [in Ukrainian].
26. Nykyforuk, O.I. (2012). Tools and mechanisms for the modernization of transport infrastructure: foreign experience and Ukrainian realities. Ekon. prognozuvannâ – Economy and forecasting, 3, 64-78 [in Ukrainian].
27. Taylor, R.J. (2003). Contracting for Health Services. In A. Harding and A. Preker (Eds.). Private participation in health services handbook (pp. 195-204). Washington, DC: World Bank.
28. Osborne, S.P. (2000). Managing Public-Private Partnerships for Public Services: An International Perspective. London: Routledge.
29. Yehorova, O. (2008). Public-private partnership in the port segment of the Ukrainian economy. A radical step or necessity. Yurbiznes – Jurbiznes, 20(155). Retrieved from yur-gazeta.com/article/1570 [in Ukrainian].
30. Public-private partnership as an alternative to privatization on the example of OJSC Ukrtelecom. Retrieved from ierpc.org/ierpc/papers/ [in Ukrainian].
31. Vdovenko, Yu.S. (2009). Private-government partnership in the road sector. Chernihiv: Vyd-vo ChDT [in Ukrainian].
32. Bezbak, N.V., Brahins'kyj, V.V. (2011). Public-private partnership in the realization of transport infrastructure projects. Ekonomika ta derzhava – Economy and state, 8, 115-118 [in Ukrainian].
33. Business risks in the public-private partnership. A national report. Retrieved from www.google.com.ua/url?sa [in Russian].
34. Andres, N., Foste, J., Guasch, S., Have, J. (2009). The Impact of Private Sector Participation in Infrastructure: Lights, Shadows, and the Road Ahead. Washington DC: World Bank.
35. Mandri-Perrott, C. (Ed.) (2009). A Practical Guide to Private Participation in Infrastructure: Using Government Resources as Effective PPP Stimulus. World Bank.
36. Delmon, J. (Ed.). (2009). Private Sector Investment in Infrastructure. Project Finance, PPP Projects and Risk. 668 p.
37. Dotsenko-Bilous, N. (2011). Does the state need a partner? Ekonomichna pravda – Economichna pravda. Retrieved from www.epravda.com.ua/columns/2011/10/6/300711/ [in Ukrainian].
38. Krylova, N.V. International strategies for the development of public-private partnership in the transport sector. Retrieved from www.sworld.com.ua/index.php/ru/conference/the-content-of-conferences/archives-of-individual-conferences/march-2013 [in Ukrainian].
39. Resolution of the Cabinet of Ministers of Ukraine of March 4, 2015, No. 213-p. "On the approval of the Action Plan for implementation of the Program of action of the Cabinet of Ministers of Ukraine and the Strategy for Sustainable Development Ukraine-2020 in 2015". Retrieved from zakon4.rada.gov.ua/laws/show/213-2015-%D1%80 [in Ukrainian].
40. Resolution of the Verkhovna Rada of Ukraine of 14.04.2016 No. 1099-VIII "On the Program of activities of the Cabinet of Ministers of Ukraine". Retrieved from zakon.rada.gov.ua/laws/show/1099-19 [in Ukrainian].
41. The Analytical report to the annual Message of the President of Ukraine to the Verkhovna Rada of Ukraine "On the Internal and External Situation of Ukraine in 2017". (2017). Kyiv: National Institute for Strategic Studies. Retrieved from www.niss.gov.ua/articles/2684/ [in Ukrainian].
42. Resolution of the Cabinet of Ministers of Ukraine of May 30, 2018 No. 430-p "On the Approval of the National Transport Strategy for the Period until 2030". Retrieved from www.kmu.gov.ua/ua/npas/pro-shvalennya-nacionalnoyi-transportnoyi-strategiyi-ukrayini-na-period-do-2030-roku [in Ukrainian].
43. National report "Sustainable development goals: Ukraine" (2017). Retrieved from un.org.ua/images/SDGs_NationalReportUA_Web_1.pdf [in Ukrainian].
44. Krylova, N.V. International strategies for the development of public-private partnership in the transport sector. Retrieved from www.sworld.com.ua/index.php/ru/conference/the-content-of-conferences/archives-of-individual-conferences/march-2013 [in Ukrainian].
45. Ukraine – Private Infrastructure Projects. The World Bank & PPIAF. Retrieved from ppi.worldbank.org/snapshots/country/ukraine
46. The official website of the Ministry of Economic Development and Trade of Ukraine. Retrieved from www.me.gov.ua/Documents/Detail?lang=uk-UA&id=ed00a2ba-480a-4979-84eb-d610a0827a8c&title=ZagalniiOglia [in Ukrainian].
47. Register of concession projects. Website of the State Property Fund of Ukraine. Retrieved from www.spfu.gov.ua/ru/content/spf-rent-consessions.html [in Ukrainian].
48. Public-private partnership in the context of public investment management in Ukraine. Assessment 2015. (2016). International Bank for Reconstruction and Development, World Bank. Retrieved from documents.worldbank.org/curated/en/495131467995051959/pdf/106249-UKRANIAN-WP-P153935-PUBLIC-Public-Investment-UKR-Web-cover.pdf [in Ukrainian].
49. Chukaieva, I.K., Bhan, L.H. (2012). Public-private partnership in the implementation of energy infrastructure projects. Ekon. prognozuvannâ – Economy and forecasting, 4. Retrieved from eip.org.ua/docs/EP_12_4_46_uk.pdf [in Ukrainian].
Events calendar
| M | T | W | T | F | S | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 | |||||
