Private capital incentive model in public-private partnership projects for the development of public infrastructure
Public infrastructure development is considered to be the basis for comfortable living conditions of all the citizens. Therefore, the optimization of public infrastructure should be treated as an important task of any government. The Public-Private Partnership (hereinafter referred to as PPP) model...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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EDP Sciences
2023-01-01
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| Series: | E3S Web of Conferences |
| Online Access: | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/40/e3sconf_escp2023_08020.pdf |
| _version_ | 1827878936075304960 |
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| author | Ivanov Viktor Zhou Jiashu Andrianov Alexander |
| author_facet | Ivanov Viktor Zhou Jiashu Andrianov Alexander |
| author_sort | Ivanov Viktor |
| collection | DOAJ |
| description | Public infrastructure development is considered to be the basis for comfortable living conditions of all the citizens. Therefore, the optimization of public infrastructure should be treated as an important task of any government. The Public-Private Partnership (hereinafter referred to as PPP) model makes it possible to reduce financial pressure on the government budget, to accelerate the construction of public infrastructure and to enhance the efficiency of investment management. The analysis of Russian experience [1], as well as the experience of a number of foreign countries [2], indicates that many issues of financial support, including the issues of reimbursement of costs to public-private partnership entities, have not been sufficiently developed in terms of law and economics. The interval model of a linear compensation mechanism as applied to Chinese PPP models is proposed in this paper. The authors analyze three types of models for subsidizing PPPs by the Chinese government: rate of return model for discounted construction costs; model of discounted construction costs; rate of return model for discounted average construction costs at the beginning of the period. The mechanism for establishing a range of state compensation for additional costs of a private investor due to a reduction in construction time is proposed in the article. |
| first_indexed | 2024-03-12T17:58:35Z |
| format | Article |
| id | doaj.art-8df4e38ef94e4e03a73cbf8859c29494 |
| institution | Directory Open Access Journal |
| issn | 2267-1242 |
| language | English |
| last_indexed | 2024-03-12T17:58:35Z |
| publishDate | 2023-01-01 |
| publisher | EDP Sciences |
| record_format | Article |
| series | E3S Web of Conferences |
| spelling | doaj.art-8df4e38ef94e4e03a73cbf8859c294942023-08-02T13:16:18ZengEDP SciencesE3S Web of Conferences2267-12422023-01-014030802010.1051/e3sconf/202340308020e3sconf_escp2023_08020Private capital incentive model in public-private partnership projects for the development of public infrastructureIvanov Viktor0Zhou Jiashu1Andrianov Alexander2St. Petersburg State University, Department of Credit Theory and Financial ManagementSt. Petersburg State University, Department of Credit Theory and Financial ManagementSt. Petersburg State University, Department of Finance and AccountingPublic infrastructure development is considered to be the basis for comfortable living conditions of all the citizens. Therefore, the optimization of public infrastructure should be treated as an important task of any government. The Public-Private Partnership (hereinafter referred to as PPP) model makes it possible to reduce financial pressure on the government budget, to accelerate the construction of public infrastructure and to enhance the efficiency of investment management. The analysis of Russian experience [1], as well as the experience of a number of foreign countries [2], indicates that many issues of financial support, including the issues of reimbursement of costs to public-private partnership entities, have not been sufficiently developed in terms of law and economics. The interval model of a linear compensation mechanism as applied to Chinese PPP models is proposed in this paper. The authors analyze three types of models for subsidizing PPPs by the Chinese government: rate of return model for discounted construction costs; model of discounted construction costs; rate of return model for discounted average construction costs at the beginning of the period. The mechanism for establishing a range of state compensation for additional costs of a private investor due to a reduction in construction time is proposed in the article.https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/40/e3sconf_escp2023_08020.pdf |
| spellingShingle | Ivanov Viktor Zhou Jiashu Andrianov Alexander Private capital incentive model in public-private partnership projects for the development of public infrastructure E3S Web of Conferences |
| title | Private capital incentive model in public-private partnership projects for the development of public infrastructure |
| title_full | Private capital incentive model in public-private partnership projects for the development of public infrastructure |
| title_fullStr | Private capital incentive model in public-private partnership projects for the development of public infrastructure |
| title_full_unstemmed | Private capital incentive model in public-private partnership projects for the development of public infrastructure |
| title_short | Private capital incentive model in public-private partnership projects for the development of public infrastructure |
| title_sort | private capital incentive model in public private partnership projects for the development of public infrastructure |
| url | https://www.e3s-conferences.org/articles/e3sconf/pdf/2023/40/e3sconf_escp2023_08020.pdf |
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