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

Author

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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)

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.

Suggested Citation

  • Andrey Berezin & Bruno S. Sergi & Natalia Gorodnova, 2018. "Efficiency Assessment of Public-Private Partnership (PPP) Projects: The Case of Russia," Sustainability, MDPI, vol. 10(10), pages 1-18, October.
    • Handle: RePEc:gam:jsusta:v:10:y:2018:i:10:p:3713-:d:175968
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    2. Asheem Shrestha & Jolanta Tamošaitienė & Igor Martek & M Reza Hosseini & David J Edwards, 2019. "A Principal-Agent Theory Perspective on PPP Risk Allocation," Sustainability, MDPI, vol. 11(22), pages 1-18, November.
    3. Wadim Strielkowski & Anna Sherstobitova & Patrik Rovny & Tatiana Evteeva, 2021. "Increasing Energy Efficiency and Modernization of Energy Systems in Russia: A Review," Energies, MDPI, vol. 14(11), pages 1-19, May.
    4. Tatiana Anopchenko & Olga Gorbaneva & Elena Lazareva & Anton Murzin & Gennady Ougolnitsky, 2019. "Modeling Public—Private Partnerships in Innovative Economy: A Regional Aspect," Sustainability, MDPI, vol. 11(20), pages 1-18, October.
    5. Vasile-Daniel Păvăloaia & Mircea Radu Georgescu & Daniela Popescul & Laura-Diana Radu, 2019. "ESD for Public Administration: An Essential Challenge for Inventing the Future of Our Society," Sustainability, MDPI, vol. 11(3), pages 1-27, February.
    6. Ari, Ibrahim & Koc, Muammer, 2021. "Philanthropic-crowdfunding-partnership: A proof-of-concept study for sustainable financing in low-carbon energy transitions," Energy, Elsevier, vol. 222(C).
    7. Raikhan Nuranova & Maira Ryskulova & Kulyash Aidarkhanova & Nurgul Baigelova, 2020. "The impact of public-private partnership on labor mobility and employment promotion," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 8(2), pages 1158-1176, December.
    8. Lyudmila Tolstolesova & Igor Glukhikh & Natalya Yumanova & Otabek Arzikulov, 2021. "Digital Transformation of Public-Private Partnership Tools," JRFM, MDPI, vol. 14(3), pages 1-17, March.
    9. Beata GAVUROVA & Matus KUBAK & Martin MIKESKA, 2020. "The Efficiency Of Public Procurement In The Health Sector – The Platform On Sustainable Public Finances," REVISTA ADMINISTRATIE SI MANAGEMENT PUBLIC, Faculty of Administration and Public Management, Academy of Economic Studies, Bucharest, Romania, vol. 2020(35), pages 21-39, December.
    10. Valentina N. Parakhina & Olga A. Boris & Rustam M. Ustaev & Galina V. Vorontsova & Oksana N. Momotova, 2019. "Possibility of Applying the PPP Mechanism in the Implementation of Smart City Projects," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 6, pages 70-82, December.
    11. Jianwang Wang & Lan Luo & Rina Sa & Wei Zhou & Zihan Yu, 2023. "A Quantitative Analysis of Decision-Making Risk Factors for Mega Infrastructure Projects in China," Sustainability, MDPI, vol. 15(21), pages 1-25, October.
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