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Concession as a Form of Implementation of Public-Private Partnership Projects in Ukraine and World-Wide
Shuliuk B. S.

Shuliuk, Bohdana S. (2021) “Concession as a Form of Implementation of Public-Private Partnership Projects in Ukraine and World-Wide.” Business Inform 2:56–61.
https://doi.org/10.32983/2222-4459-2021-2-56-61

Section: Investment Processes

UDC 336.13:336.64

Abstract:
The article is aimed at examining the peculiarities of implementation of public-private partnership concession projects in various sectors of the economy in both Ukraine and the world. The main approaches to understanding the essence of the concept of «concession» are considered and its characteristic features are defined. The procedure of operation of the concession mechanism is disclosed. Risks of public-private partnership participants in the process of implementation of concession projects in Ukraine are determined. The need to provide the State support to stimulate the participation of a private partner in long-term projects is substantiated. It is specified that such support should be provided in order to implement the most necessary public-private partnership projects to significantly improve the living conditions of the population in a particular region. It is determined that, unlike Ukraine, the concession mechanism is actively used in various sectors of the world economy, in particular, successfully implemented projects in the transport sector (roads, railways, ports, airports, pipeline transport), housing and communal services (water supply, water purification, electricity supply). At that, the transport industry dominates, while heat supply and waste treatment are the least popular. Prospects for further research in this direction are the search for ways to improve the domestic concession mechanism in the process of implementing public-private partnership projects, taking into account the best achievements of world experience. This will allow to attract financial resources of business in various forms of cooperation in terms of public-private partnerships, and, consequently, to improve the quality of services provided to the population.

Keywords: financing of long-term projects, public-private partnership, concession, sectors of the economy, the State support.

Fig.: 1. Tabl.: 2. Bibl.: 8.

Shuliuk Bohdana S. – Doctor of Sciences (Economics), Associate Professor, Professor, Department of Finance named after S. I. Yuri, West Ukrainian National University (11 Lvivska Str., Ternopil, 46009, Ukraine)
Email: [email protected]

List of references in article

[Legal Act of Ukraine] (2010). https://zakon.rada.gov.ua/laws/show/2404-17#Text
Karelina, O. Yu. “Kontsesiia yak odyn zi shliakhiv investuvannia zhytlovo-komunalnoho hospodarstva“ [Concession as a one Investment' Way of the Dwelling-Communal Sphere]. Naukovi pratsi KNTU. Seriia «Ekonomichni nauky». 2010. http://www.kntu.kr.ua/doc/zb_17_ekon/stat_17/22.pdf
Melnyk, M. “Partnerstvo derzhavy i biznesu yak faktor dilovoi aktyvnosti v Ukraini“ [Partnership between the State and Business as a Factor of Business Activity in Ukraine]. Visnyk KNTEU. 2010. http://visnik.knute.edu.ua/files/2010/03/4.pdf
Pyroh, O. V., Protsyk, I. S., and Tomych, M. I. “Kontsesiia yak perspektyvna forma derzhavno-pryvatnoho partnerstva: perevahy ta nedoliky“ [Concession as a Powerful Form of Public-Private Partnership: Pros and Cons]. Molodyi vchenyi, no. 2 (2019): 641-646. DOI: https://doi.org/10.32839/2304-5809/2019-2-66-135
Tsohla, O. O. “Teoretychni zasady traktuvannia poniattia «kontsesiia»“ [Theoretical Grounds for Interpretations of the Term "Concession"]. Aktualni problemy ekonomiky, no. 7 (2013): 34-38.
“Informatsiia Ministerstva rozvytku ekonomiky, torhivli ta silskoho hospodarstva Ukrainy stosovno realizatsii proiektiv DPP“ [Information of the Ministry of Economic Development, Trade and Agriculture of Ukraine Regarding the Implementation of PPP Projects]. https://www.me.gov.ua/Documents/Detail?lang=uk-UA&id=9fc90c5e-2f7b-44b2-8bf1-1ffb7ee1be26&title=StanZdiisnenniaDppVUkraini
“Vidomosti Svitovoho banku stosovno kilkosti ta finansuvannia proiektiv DPP za formamy“ [World Bank Information on the Number and Financing of PPP Projects by Form]. https://ppi.worldbank.org/en/visualization#sector=&status=&ppi=&investment=®ion=&ida=&income=&ppp=&mdb=&year=&excel=false&map=&header=true
“Private Participation in Infrastructure (PPI): Annual Report, 2019“. https://ppi.worldbank.org/content/dam/PPI/documents/private-participation-infrastructure-annual-2019-report.pdf

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