Subject The article addresses indicators of socio-economic, budget and commercial efficiency of transport projects implemented on the principles of public-private partnership (PPP) in the subjects of the Russian Federation. Objectives The purpose of the study is to develop a methodological approach to performance evaluation of PPP-based transport projects. It will enable a comparative analysis and comprehensive assessment, considering the socio-economic, budget and commercial effects. Methods The study employs systems and targeted approaches, generalization, methods of comparative analysis and elements of quantitative analysis. Results We offer an algorithm to perform a comparative analysis and comprehensive assessment of PPP-based transport project efficiency. If used in practice, the proposed methodology will ensure spatial and temporal comparability of indicators and create conditions for better management decisions when implementing transport infrastructure development projects. Conclusions and Relevance The offered methodological approach includes a multidimensional approach to evaluation, enables to perform a comparative analysis and integrated assessment of PPP-based transport projects.
Keywords: algorithm, evaluation, performance, public-private partnership, transport project
References:
Varnavskii V.G., Klimenko V.A., Korolev V.A. et al. Gosudarstvenno-chastnoe partnerstvo: teoriya i praktika [Public-Private Partnership: Theory and Practice]. Moscow, SU HSE Publ., 2010, 287 p.
Kabashkin V.A. Gosudarstvenno-chastnoe partnerstvo v regionakh Rossiiskoi Federatsii [Public-private partnership in regions of the Russian Federation]. Moscow, Delo Publ., 2010, 117 p.
Kogan A.B. [Interbranch analysis of the Novosibirsk region economy]. Vestnik NGUEU = Vestnik NSUEM, 2016, no. 1, pp. 123–132. URL: Link# (In Russ.)
Savrukov A.N., Mamedova N.A., Pupshev A.S. Method of selection of options for public housing assistance program based on public-private partnership. International Journal of Economic Research, 2017, vol. 14, pp. 213–220.
Jiwattanakulpaisarn P., Noland R.B., Graham D.J., Polak J.W. Highway Infrastructure Investment and County Employment Growth: A Dynamic Panel Regression Analysis. Journal of Regional Science, 2009, vol. 49, iss. 2, pp. 263–286. URL: Link
Pereira A.M., Andraz J.M. On the Economic Effects of Public Infrastructure Investment: A Survey of the International Evidence. College of William and Mary, Department of Economics Working Paper, 2013, no. 108. URL: Link
Chen Z., Haynes K.E. Public Surface Transportation and Regional Output: A Spatial Panel Approach. Papers in Regional Science, 2015, vol. 94, iss. 4, pp. 727–751. URL: Link
Pollitt C., Bouckaert D. Public Management Reform: A Comparative Analysis. Oxford University Press, 2011, 392 p.
Ratnasabapathy S., Rameezdeen R. Design-Bid-Build vs. Design-Build Projects: Performance Assessment of Commercial Projects in Sri Lanka. URL: Link
Cooke-Davies T. The ‘Real’ Success Factors on Projects. International Journal of Project Management, 2002, vol. 20, iss. 3, pp. 185–190. URL: Link
Shenhar A.J., Dvir D., Levy O., Maltz A.C. Project Success: A Multidimensionsal Strategic Concept. Long Range Planning, 2001, vol. 34, iss. 6, pp. 699–725. URL: Link00097-8
Button K. Is There Any Economic Justification for High-Speed Railways in the United States? Journal of Transport Geography, 2012, vol. 22, pp. 300–302. URL: Link
Hall P., Banister D. The Second Railway Age. Built Environment, 1993, vol. 19, no. 3-4, pp. 157–162.
Flyvbjerg V., Skamris Holm M.K., Buhl S. Underestimating Costs in Public Works Projects: Error or Lie? Journal of the American Planning Association, 2002, vol. 68, iss. 3, pp. 279–295. URL: Link
Venables A.J. Evaluating Urban Transport Improvements: Cost-Benefit Analysis in the Presence of Agglomeration and Income Taxation. Journal of Transport Economics and Policy, 2007, vol. 41, no. 2, pp. 173–188.
Graham D.J. Agglomeration, Productivity and Transport Investment. Journal of Transport Economics and Policy, 2007, vol. 41, no. 3, pp. 317–343.
Hensher D.A., Truong T.P., Mulley C., Ellison R. Assessing the Wider Economy Impacts of Transport Infrastructure Investment with an Illustrative Application to the North-West Rail Link Project in Sydney, Australia. Journal of Transport Geography, 2012, vol. 24, pp. 292–305. URL: Link
