Public-Private Partnership in the Field of Urban Development: Experience of Countries for the Period of 2010-2020

Abstract

To carry out a detailed analysis of the presented topic, the goals of the work are to reveal the mechanism of public-private partnership, to determine its features in the field of transport infrastructure in the experience of different countries and Ukraine, as well as to determine its further prospects. Among the main methodological approaches, it is worth noting the theoretical methodological approach, the method of statistical analysis, the functional methodological approach, the dogmatic methodological approach, the synthesis method, and others. During the research, the public-private partnership was analysed, and its characteristic features and principles of implementation were determined, which helped to consider this mechanism in more detail. The role and possibilities of using public-private partnership in the field of infrastructure projects, especially in the segment of motor transport infrastructure, were revealed and disclosed. It is important to analyse the functioning of the public-private partnership mechanism in different countries in the context of financing transport infrastructure sectors. Also, the current legal framework was analysed, which regulates public-private partnership in the field of transport infrastructure and transport in Ukraine; recommendations were proposed that would contribute to a more effective mechanism of regulation of this sector. It was established that the attraction of private funds will require a proportional increase in state funding, and a new approach to the risk management system, taking into account the peculiarities of the political and economic sectors.