Assessment of public private partnership projects: a theorethical approach

Abstract

Public Private Partnerships (PPP) in projects are increasingly gaining acceptance as an alternative to the traditional approaches of project funding based on public sources. Every investor seeks to identify the financial, economic, social, environmental results of investment project before investment starts. Public and private investors could have different expectations from the investment projects. The scientific problem is how to assess PPP projects and combine the public and private interest in assessment methodology? The need to provide high-performance interaction of PPP determines the importance of clarifying methodological approaches to the economic feasibility of projects implemented based on public private partnership by considering possible risks and benefits and methods of its assessment and management. The main goal of this scientific research is to reveal the differences and peculiarities of public, private and public – private partnership investment projects that influence these projects assessment and present the PPP projects assessment indicators and methods. Methods of information comparison, scheme-descriptive representation, generalization, and generation of conclusions have been used to identify the public and private interest and combine them in PPP projects assessment. The research findings allowed us to highlight the uniqueness of PPP projects and select the PPP projects assessment indicators and methods according to different expectations of investors