Public-private
partnership

Characteristics of Public-Private Partnership

A public-private partnership is a contractual medium- and long-term relationship between the state and a private investor with clearly defined obligations and project implementation parameters fixed in the agreement.

Necessarily:

  • The subject of the partnership is attraction of investments in the creation or reconstruction of infrastructure facilities.
  • A private partner creates an object and carries out its operation and/or maintenance.
  • A private partner fully or partially finances the creation of the object of the agreement.
  • Long-term type of partnership (more than 3 years).

Unnecessarily:

  • The ownership of the object is held by a private partner.
  • А private partner carries out the design of the object of the agreement.
  • The public partner provides partial financing for the creation, maintenance and operation.
 

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