Issue |
E3S Web Conf.
Volume 403, 2023
XII International Scientific and Practical Forum “Environmentally Sustainable Cities and Settlements: Problems and Solutions” (ESCP-2023)
|
|
---|---|---|
Article Number | 08020 | |
Number of page(s) | 5 | |
Section | Development of Sustainable Cities: Economic, Social and Humanitarian Aspects | |
DOI | https://doi.org/10.1051/e3sconf/202340308020 | |
Published online | 25 July 2023 |
Private capital incentive model in public-private partnership projects for the development of public infrastructure
1 St. Petersburg State University, Department of Credit Theory and Financial Management, St. Petersburg, Russia
2 St. Petersburg State University, Department of Finance and Accounting, St. Petersburg, Russia
* Corresponding author: zlivv@mail.ru
Public infrastructure development is considered to be the basis for comfortable living conditions of all the citizens. Therefore, the optimization of public infrastructure should be treated as an important task of any government. The Public-Private Partnership (hereinafter referred to as PPP) model makes it possible to reduce financial pressure on the government budget, to accelerate the construction of public infrastructure and to enhance the efficiency of investment management. The analysis of Russian experience [1], as well as the experience of a number of foreign countries [2], indicates that many issues of financial support, including the issues of reimbursement of costs to public-private partnership entities, have not been sufficiently developed in terms of law and economics. The interval model of a linear compensation mechanism as applied to Chinese PPP models is proposed in this paper. The authors analyze three types of models for subsidizing PPPs by the Chinese government: rate of return model for discounted construction costs; model of discounted construction costs; rate of return model for discounted average construction costs at the beginning of the period. The mechanism for establishing a range of state compensation for additional costs of a private investor due to a reduction in construction time is proposed in the article.
© The Authors, published by EDP Sciences, 2023
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.