Received:
2020-01-15 | Accepted:
2020-05-25 | Published:
2020-06-30
Title
Justification of the choice of the concession mechanism for projects economically efficient for the infrastructure owner
Abstract
In modern economic realities, the state is playing an increasingly important part, managing the economy to achieve greater social efficiency. From this standpoint, the crucial aspect of efficient application of the concession mechanism is the selection of project proposals that have socio-economic practicality. The purpose of the paper is to justify the choice of the concession mechanism for projects economically efficient for the infrastructure owner. The authors conclude that upon justifying the choice of the concession mechanism, it is important both to analyse the economic efficiency with the benefit of the best analytical practices of investment management in conjunction with budget efficiency evaluation and to assess the specific risks and probability deviations, factoring in the specifics of projects on creation of public railway infrastructure in order to evaluate and subsequently monitor the comparative advantages of the concession over the state law and other PPP tools.
Keywords
infrastructure project, public-private partnership, state contract, economic efficiency
JEL classifications
G20
, G40
, H10
, H50
URI
http://jssidoi.org/jesi/article/599
DOI
Pages
3477-3487
This is an open access issue and all published articles are licensed under a
Creative Commons Attribution 4.0 International License
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