Public-private partnership and its impact on transport infrastructure development: the experience of Australia and Canada

Public-private partnership is a governments’ progressive political decision to involve the private sector in the development of public infrastructure by the provision of services such as design, financing, construction, operation, reconstruction, maintenance, etc. The article is devoted to determining the foundations of public-private partnership organization and its impact on improving transport infrastructure. The basic principles of public-private partnership development in the article were researched, taking the historical features of its and modern implementation goals. The study examines the main features of public-private partnership development and its positive and negative aspects. The tasks of the public and private sectors in this cooperation are outlined. The experience of advanced countries of the world (Australia, Canada) in using public-private partnership for the development of public infrastructure was researched. The features of the implementation of Australian and Canadian transport infrastructure projects using the public-private partnership were analyzed, resulting in a list of 20 (10 Australian and 10 Canadian) advanced transport projects, reflecting their key aspects and benefits from implementation. By the results of the study were offered suggestions for optimizing the further development of public-private partnership. These suggestions are especially relevant for countries where public-private partnerships are at an early stage of development. The recommendations have also been offered for the development of national public-private partnership, with the purpose of post-war restoration of the national transport sector, taking into account the specifics of its infrastructure application in developed countries.