The mechanism of public — private partnerships for the implementation of innovative projects entailing the construction and reconstruction of items of federal property

Abstract

Introduction. The relevance of the research stems from the limited financial capabilities available for complete or partial renovation of the federal property fund, which is in the operating management of subordinate institutions of executive authorities. The problem of applying the mechanism of public-private partnerships (PPPs) to such projects is associated with a narrow focus of the practice of its application. The purpose of the study is the systematic presentation of the organizational and economic PPP mechanism applied to the reconstruction and construction of real estate facilities comprising the federal property fund. The objectives of the research are to analyze the theoretical and methodological aspects of implementation of PPPs, present the analysis of the PPP market, propose a PPP implementation pattern for the reconstruction and construction of real estate facilities comprising the federal property fund, taking into account the use of innovative technologies in the construction sector. Materials and methods. The authors take advantage of the materials provided by the Russian and international organizations, such as the official publications of the National PPP Centre (analytical reviews published on the Rosinfra website), investment and analytical company InfraOne Research, National Association of Infrastructure Companies (NAIK), World Bank reports, and research publications. Traditional methods of synthesis, induction, deduction, and analogy were used in the course of research. Conclusions. The analysis of effectiveness of federal property management has proven the need to use the PPP mechanism. This mechanism has accumulated the experience of practical implementation of infrastructure projects. However, despite the existing implementation potential of the subject area, some limitations prevent its widespread use. The paper provides a detailed analysis of the proposed PPP mechanism and the pattern for its implementation.