The role of public-private partnerships in financing infrastructure projects

Abstract

Poor infrastructure quality hinders the country's stable economic growth and competitiveness in international markets. The quality of life declines when the infrastructure is underdeveloped. Public-private partnership allows attracting additional sources of funding and receiving additional privileges from the state. Public-private partnerships in infrastructure benefit the economy, national politics, the private sector, as well as the population. The article examines the features of the formation and development of public-private partnerships in the development of the national economy of the Republic of Uzbekistan. The directions of innovative development are selected. The problems that require solutions for the continuous development of an innovative economy are identified. The aim of the study is to reveal the essence of public-private partnership in infrastructure, analyze the current state and its role, place in the economy of the Republic of Uzbekistan. The object of the research is economic relations in relation to public-private partnerships associated with the process of communication between the state and interested individuals, legal entities and international organizations. The subject of the research is the economic, social, legal aspect of the functioning of the forms of public-private partnership in the implementation of the functions of the state. The methodology laid the foundations for general scientific methods, general logical methods of cognition, systemic, logical, analysis, synthesis, deduction and induction, modeling and other methods. Based on the results of the study, conclusions were drawn to increase the attractiveness of PPP implementation in infrastructure.