Conclusion of agreement
Public-private partnership is a cooperation between public partner and private partner, legally valid for a certain period and based on a coalition of resources, distribution of risks, based on the public-private partnership agreement, aiming to attract private investment into the economy, ensuring the availability and improving the quality of goods, works and services (which provision consumers due to the powers of the state authorities and local self-government authorities.
Using PPP mechanisms currently receives wide distribution in Russian Federation.
PPP includes a number of cooperation forms, enabling state and private sector to derive mutual benefits.
PPP refers to innovative techniques applying by public sector in order to conclude the contract with the private sector, using its own capital and managerial capacity in the implementation of projects established by timelines and budget. The public sector retains the responsibility for the provision of these services for its benefit and has a positive impact on economic development and improving the quality of population life.
The PPP is seen as specific projects implemented jointly with public authorities and private companies at the sites of the federal, regional and municipal property.