Advantages and risks of international investment in the public-private partnership social projects

The article deals with the issues and opportunities of using public-private partnerships to finance the infrastructure projects. It is emphasized that the prerogative of state structures is the provision of public goods, the preservation of a number of sectors of the economy in state ownership, in this regard, an important role is given to the management of social projects. The term “social project” is defined. Foreign experience is analyzed, which allows to determine the issues associated with the financing of important government projects with the participation of private investors in leading Western countries. The article emphasizes a number of advantages for cooperation between the public sector and the private sector in the processes of financial supporting the social projects. The efficiency and appropriateness (quantitative and qualitative criteria) of applying the model of public-private partnership at the level of international investment of social projects of the country are substantiated. The features of the interaction of investors who are not residents of the country implementing a major infrastructure project are considered. In particular, it is noted that with such form of participation in business cooperation, questions and risks arise regarding the correlation of quality, duration and return of finances with public funding of important projects. Recommendations are formulated to make the mechanism of public-private partnership more effective in the system of managing national projects.

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