Public Private Partnership as a tool for development of territories
The article establishes that sustainable territorial development is impossible without the partnership of public authorities and business. It is noted that Public Private Partnership (PPP) is an institutional and organizational alliance between authorities and business for the purpose of realization of socially significant projects in various spheres of activity. It is revealed that this transfer of business is part of the powers, responsibilities and risks associated with the implementation of investment projects that have traditionally been implemented through budget financing. The attention was paid to the forms of public private partnership. The current state of realization of local public private partnership projects is analysed, actual problems have been identified and directions of financing of development of territories have been clarified. It is proved that the partnership between the authorities and the private sector is aimed at increasing the efficiency of the implementation of infrastructure projects at the local level, solving important issues of local importance and meeting the needs and interests of the territorial community in obtaining quality services. There are listed spheres and sectors of application public private partnership. There are mentioned advantages of the use of public private partnership. The statistical data and the dynamics of realization of projects implemented on the basis of public private partnership are presented. An example of the use of public private partnership, as an instrument for the development of territories, is presented. Attention is paid to the institutional environment of the implementation of public private partnership projects. The expediency of harmonization of concession legislation with the legislation on public private partnership and implementation of best international experience in legal regulation in Ukraine is substantiated. The necessity of development of public private partnership as an instrument of development of territories in the conditions of realization of the decentralization of power relations reform is pointed out.