FINANCING OF PUBLIC INFRASTRUCTURE PROJECTS ON THE BASIS OF PUBLIC-PRIVATE PARTNERSHIP: FORMS AND TOOLS

Анотація

The significance of public-private partnership for the development of the socio-economic system of the state is extremely high, as public-private partnership can and should be positioned as one of the financial mechanisms capable of providing not only extensive but also intensive economic growth of territories and regions mainly for by financing the development of transport, social, service infrastructure and utilities, as well as to promote accelerated modernization in high-tech sectors of the national economy. In the article, the essence of project financing of infrastructure based on public-private partnership is substantiated, as well as the forms and tools that are used in the course of financial interaction between public and private partners are investigated. The essence of project financing of infrastructure based on public-private partnership is substantiated, the forms and tools that are used in the course of financial interaction between public and private partners as well are investigated. The understanding of a public infrastructure project is explained through differentiating it according to the goal direction and in accordance with the change of the existing real estate object. The main means of state support for financing public-private partnership projects is investigated. Taking into account the existing practice, it is reasonable to invest in infrastructure projects for a public investor and a private partner. The increased risks of the private partner are due to the fact that public-private partnership projects provide a higher cost of the project compared to budget funding. In addition, it is worth noting the potential cost of the project after to contract, taking into account the variability of the external environment. The practices of implementing TIF-projects are investigated and the essence of the financing instruments used for this are disclosed. The peculiarity of the application of TIF-projects is that these are used by local governments for the development of local territories or individual districts. These investigations provide opportunity to determine the conditions for the application of financing the increase in the tax rate in Ukraine.

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