Vyalkin A.G.Financial University under Government of Russian Federation, Мoscow, Russian Federation vyalkin@tpprf.ru
Importance In foreign countries, the role of public-private partnership is especially important in the implementation of the most expensive and long-term infrastructure projects. Like in the Russian Federation, the construction of toll roads, urban transport development, construction of marine terminal facilities, reconstruction of airports, railway construction in the areas of natural resources development, creation of complex information systems for cargo management, etc., have become the main scope of the public-private partnership scheme application, i.e. most of them are concentrated in the area of infrastructure. The social sector, at the present time, is experiencing significant demand for financial resources, and for introduction of modern management methods, advanced technologies of service rendering and maintenance. Budgetary and extra-budgetary funds, targeted funding resources do not allow meeting these requirements to full extent, since it requires direct attraction of the private sector competency and investment. Objectives The purpose of the article is to consider foreign business structures and power institutions in their interaction within the framework of implementation of investment projects of state-private partnership in the social services and distribution of the corresponding risks. Methods By means of structurally functional and comparative analyses, methods of comparison and groups, we have researched the main trends of use of the public-private partnership mechanism for the development of investment activity in the social services in foreign countries. Results The findings of the article concern the development of recommendations for formation of an institutional base of use of state-private partnership mechanisms for implementation of investment projects in the social sphere. Conclusions and Relevance We came to a conclusion that successful implementation of public investment projects in the social services directly depends on the quality of management, namely, on the efficiency of interaction between the public power bodies on their development and realization. The unconsidered and insufficiently weighed investment decisions may not only lead to inefficient use of budgetary funds, but also undermine trust to the public power, damage the potential growth of investment in the social services branch.
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