Concessions as a form of public private partnership to attract investments into production infrastructure of macroregion
The need for active use of the concessional mechanism of regional production infrastructure is determined by the advantages of this form of State and business partnership. Concession, being essentially quasi-privatization, enables the State to attract large-scale resources from business to develop infrastructural social projects in conditions of budgetary funds shortage. Concessions are economically and socially acceptable for Russia in whole and its southern regions. They correspond to the national mental structure and lifestyle. Southern regions of Russia have gained great experience (along with the law "On Concession Agreements" passed in 2005) practical use of which will enable to form valuable regulatory framework for this newly-born form of public private partnership in Russia.