Methods Of Economic Evaluation Of Concession Project Effectiveness

Анотація

This article deals with public-private partnerships as a mechanism for financing of infrastructure projects. The purpose of the study is to offer a toolkit to substantiate the economic efficiency of the concession project for the construction of motor road using the model of its life cycle. The hypothesis is that the best method of modeling of the life cycle of a project is to use the indicator "economic acceleration", the essence of which is that it determines the intensity of changes in cash or value flow, which are the basic elements for calculating the economic efficiency of an investment project. Applying this metric, you can form a single life cycle model that covers two main stages -construction and operation. The method of substantiating the economic efficiency of the concession project, which, unlike the existing methods (net present value, internal rate of return, etc.), is based on the use of a life cycle model and determining the values of its "moments of value". The study showed that it is possible to determine the economic efficiency of a concession project, which is short and long term, using this method. The essence of this technique is that the total mass of the value expended during the period of loss-making work should be equal to the mass of the value received during the period of profit-makingthis is the maximum permissible variant, or more general, when the latter must be greater than the previous one (in the period unprofitable work).

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