The Development of a scientific and Practical Approach to selecting a Public-Private Partnership Model for Implementation of an Investment Project in a Region

Subject: financial and economic relations associated with the implementation of an investment project (hereinafter referred to as the project) using public-private partnership (hereinafter referred to as PPP) models in a constituent entity of the Russian Federation (hereinafter referred to as the region).

Objective: to develop of a scientific and practical approach for justifying the selection of the most suitable PPP model for implementing the project in a given region from the perspective of both private and public stakeholders.

Tasks: to identify factors influencing the use of PPP in Тютюкина Е.Б., Губернаторов А.М., Егорова Д.А., 2025 the regions, as well as approaches to choosing a PPP model for project implementation based on content analysis; to develop and test an algorithm for selecting a PPP model for project implementation in a specific region; based on the results obtained, justify different levels of use of PPP models in the regions; propose modifications to PPP models that can be implemented in the Russian economy.

Methods: content analysis to identify factors influencing the use of PPPs in the regions; grouping method and scenario approach to develop an interactive matrix for selecting potential PPP models for project implementation; correlation and regression analysis to identify factors influencing the use of PPP models in the regions; a method for calculating the efficiency of PPP projects for both public and private partners using formulas.

Results: An algorithm for selecting a PPP model is proposed, which acts as a funnel to select models for project implementation in a specific region. At the first stage, potential PPP models are identified using an interactive matrix. Then, at the second stage, the feasibility of using a particular PPP model in the region is assessed based on financial and economic factors identified through correlation and regression analysis. The commercial, budgetary, and socio-economic feasibility of each PPP project is evaluated at stages three through five. Finally, the most suitable PPP model is chosen based on an integrated assessment at the sixth stage. Based on these results, differences in demand for PPPs across regions are demonstrated, as well as the necessity and suggestions for developing customized PPP models.

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