Kravchenko R. Minimization of the latent risks infrastructure projects public-private partnership

Abstract

In this study, the mechanism of public-private partnership (PPP) as a model of effective interaction of public and private partners and alternative source of project financing. In the article the relevance of selected research problems in terms of identifying and minimizing the risks of latent infrastructure projects of public-private partnership. In this work we analyzed the available information on the projects of public-private partnerships, identified sources of potential threats in the context of: the initial phase of problems, scheduling issues, implementation challenges and problems of publicity. The author put forward the claim that by virtue of the laws of manifestation of dualism characteristic of complex dynamical systems, in particular, and the economy, the benefits of public-private partnerships can play the role of latent risk factors, therefore, it is advisable to use the method of critical analysis in project development and implementation of projects under PPP in terms of feasibility and effectiveness. All of this information was the basis for the analysis of public-private partnership for the presence of latent risks in terms of parameters such as: affordability assessment of the project, the balance of the price/quality, competition, compliance deadlines, cost reduction issues, issues of risk allocation and refinancing issues. As a result, developed a system of measures to minimize the potential consequences of risks in infrastructure projects, and to justify a claim of universality, proposed in the study approaches. Further development of the subject is possible in the form of creating an analytical model of risk management in public-private partnerships