IMPLEMENTATION OF PUBLIC-PRIVATE PARTNERSHIP PROJECTS: WORLD EXPERIENCE FOR UKRAINE

The relevance of developing a mechanism of public-private partnership effective in Ukrainian conditions is due to the importance of this institute for the strategic development of regions. At the same time, at the current stage of the development of economic relations, taking into account globalization trends and related transformational processes, the system of interaction between institutions of the public and private sectors is gaining more and more importance. Instability, susceptibility to systemic crises and the lack of state resources to finance the development of all necessary infrastructure require the activation of state institutions in order to support and stimulate national entrepreneurial initiatives. In these circumstances, the public-private partnership model, which has proven its high effectiveness in many developed countries, is one of the forms for supporting regional development, being the most adequate to modern realities. In the article, through the analysis of the peculiarities of the organizational and management mechanism of the public-private partnership in the countries of the world, the authors reveal its potential as an institution for the territories’ development and entrepreneurial activity stimulation. On the example of successfully implemented projects in France, the United Kingdom, Finland, the USA and Canada, the practical aspects of the implementation of the public-private partnership model have been studied. It has been demonstrated that initiatives for the development of infrastructure, health care, education, transportation, etc., implemented with the help of PPPs have a positive effect, despite certain problems in implementation. Based on the results of PPP development in the European Union and individual countries, the possibilities for improving this mechanism of interaction between the state and business at the regional level have been substantiated. Based on the analysis of the domestic experience of the implementation of public-private partnership projects in Ukraine, it is emphasized that although a certain regulatory framework has been created for the implementation of such projects, a significant percentage of contracts for their implementation have not been brought to completion. The authors note that the tools used in different countries have their own specifics and differences. At the same time, they are united by the presence of a socially significant goal and a mutually beneficial nature. The Public-Private Partnership mechanism will allow solving the state tasks of Ukraine’s transition to an innovative socially oriented type of economy, the creation of modern regional infrastructure, without spending significant funds from the budget, ensuring the high quality of facilities and their effective use.