Abstract
The paper analyzes the features of the project life cycle at the stages of commercial and financial closure, control and monitoring of implementation. Among these features, the procedures provided for by the legislation and their sequence, conditions, and mechanisms for successful movement of the project from the moment of signing the agreement to the signing of the financing documentation and further to the organization of effective control and monitoring of its implementation are explored. The composition of procedures and documents at key points of appropriate stages of the project life cycle, factors, and conditions for the qualitative finalization of specific processes, as well as the main risks and ways to minimize them are considered.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
References
Caselli, S., Vecchi, V., & Corbetta, G. (2015). Public private partnerships for infrastructure and business development. Principles, Practices, and Perspectives (p. 384). Palgrave Macmillan US. https://doi.org/10.1057/9781137541482.
Evaluation of Public Private. Partnerships in Infrastructure. (2017). Office of evaluation and oversight (OVE). www.publications.iadb.org/publications/english/document/Evaluation-of-Public-Private-Partnerships-in-Infrastructure.pdf. Accessed 9 Mar 2019.
Federal’nyj zakon “O gosudarstvenno-chastnom partnerstve, municipal’no-chastnom partnerstve v Rossijskoj Federacii i vnesenii izmenenij v otdel’nye zakonodatel’nye akty Rossijskoj Federacii” ot 13.07.2015N 224-FZ. (Federal Law No. 224-FZ of July 13, 2015 “On Public-Private Partnership, Municipal-Private Partnership in the Russian Federation and Amendments to Certain Legislative Acts of the Russian Federation”). https://base.garant.ru/71129190/. Accessed 10 Mar 2019.
Federal’nyj zakon “O koncessionnyh soglasheniyah” ot 21.07.2005N 115-FZ (Federal law No. 115-FZ of July 21, 2005 “On Concession agreements”). https://base.garant.ru/12141176/. Accessed 10 Mar 2019.
Flyvbjerg, B., Bruzelius, N., & Rothengatter, W. (2014). Megaprojects and risk: An anatomy of ambition (pp. 1–2017), Cambridge University Press. https://doi.org/10.1017/cbo9781107050891.
Flyvbjerg, B., Holm, M. S., & Buhl, S. (2002). Underestimating costs in public works projects: Error or lie? Journal of the American Planning Association, 68(3), 279–295. https://doi.org/10.1080/01944360208976273.
Ghobadian, A., O’Regan, N., Gallear, D., & Viney, H. (2004). Private-public partnerships: Policy and experience (p. 318), Palgrave Macmillan UK.
Grimsey, D., & Lewis, M. K. (2004). Public private partnerships: The worldwide revolution in infrastructure provision and project finance (pp. 1–268), Edward Elgar Publishing. https://doi.org/10.4337/9781845423438.
Haimes, Y. Y., & Jiang, P. (2001). Leontief-based model of risk in complex interconnected infrastructures. Journal of Infrastructure Systems, 7(1), 1–12. https://doi.org/10.1061/(ASCE)1076-0342(2001)7:1(1).
Hart, O. (2003). Incomplete contracts and public ownership: Remarks, and an application to public-private partnerships. Economic Journal, 113(486), C69–C76. https://doi.org/10.1111/1468-0297.00119.
Hensher, D. A., & Houghton, E. (2004). Performance-based quality contracts for the bus sector: Delivering social and commercial value for money. Transportation Research Part B: Methodological, 38(2), 123–146. https://doi.org/10.1016/S0191-2615(03)00004-3.
Inshakova, A. O., Goncharov, A. I., Kazachenok, S. Y. (2019). legal regulation of the syndicated lending: Banking innovations in contemporary Russia. In Proceedings of the 5th National Scientific and Practical Conference “Perspectives on the Use of New Information and Communication Technology (ICT) in the Modern Economy”: Advances in Intelligent Systems and Computing (pp. 368–377).
Ivanov, O. V. (2016). Teoriya i mirovaya praktika gosudarstvenno-chastnogo partnerstva (Theory and world practice of public-private partnership) (p. 299). Moscow: MGIMO-University.
Ivanov. O. V. (2019). Gosudartsvenno-chastnoe partnerstvo kak instrument razvitiya infrastruktury i modernizatsii ekonomiki. Opyt stran Aziatsko-tikhookeanskogo regiona (Public-private partnership as an instrument of development of infrastructure and modernization of economy. Experience of Asia-Pacific countries) (300 p). Moscow: MGIMO-University.
Kalinina, A. E., Inshakova, A. O., Goncharov, A. I. (2019). Polysubject jurisdictional blockchain: Electronic registration of facts to reduce economic conflicts. Ubiquitous computing and the internet of things: Prerequisites for the development of ICT. In E. G. Popkova (Ed.), Studies in Computational Intelligence, Vol. 826, (pp. 205–213). Cham: Springer Science + Business Media.
Kommentarij k Federal’nomu zakonu ot 13 iyulya 2015g. N 224-FZ “O gosudarstvenno-chastnom partnerstve, municipal’no-chastnom partnerstve v Rossijskoj Federacii i vnesenii izmenenij v otdel’nye zakonodatel’nye akty Rossijskoj Federacii”. (2016). (Comment to the Federal Law of July 13, 2015N 224-FZ “On Public-Private Partnership, Municipal-Private Partnership in the Russian Federation and Amendments to Certain Legislative Acts of the Russian Federation”) (Batrova T.A., Antropceva I.O., Vorobyov N.I., Shapkina E.A., Pushkin A.V., Artem’ev E.V., Ruzanov I.V., Kandelaki G.G., Bogatyreva N.V., Kotuhov S.A.). SPS Konsul’tant Plyus (Consultant).
Konrad, T. S. (2018). Management control in public-private partnerships. Between International Governmental Actors and the Private Sector. Gabler Verlag.
Lessons learned and best practices in public-private partnership projects. (2015). Inter-American Development Bank. www.idbdocs.iadb.org/wsdocs/getDocument.aspx?DOCNUM=39560533. Accessed 8 Mar 2019.
Luchshie praktiki realizacii proektov gosudarstvenno-chastnogo partnerstva v social’noj sfere. (2016). (Best PPP practices in social sphere (2016)). PPP National Development Center. pppcenter.ru/assets/docs/pppcenter_a4_2016_v2_web.pdf. Accessed 11 March 2019.
Mackie, P., & Preston, J. (1998). Twenty-one sources of error and bias in transport project appraisal. Transport Policy, 5(1), 1–7. https://doi.org/10.1016/S0967-070X(98)00004-3.
Marques, R. C., & Berg, S. (2010). Revisiting the strengths and limitations of regulatory contracts in infrastructure industries. Journal of Infrastructure Systems, 16(4), 334–342. https://doi.org/10.1061/(ASCE)IS.1943-555X.0000029.
Martin, H. (2013). Value for money analysis-practices and challenges: how governments choose when to use PPP to deliver public infrastructure and services (English). Washington, DC: World Bank Group.
Mekhanizmy gosudarstvenno-chastnogo partnyorstva v ekonomicheskoi politike Rossii. (2018). (Mechanisms of public-private partnership in the economic policy of Russia). Ed. by O. V. Ivanov. MGIMO-University, Moscow. (409 p).
Murphy, T. J. (2008). The case for public-private partnerships in infrastructure. Canadian Public Administration, 51(1), 99–126. https://doi.org/10.1111/j.1754-7121.2008.00006.x.
O’Donnell, C. J. (2018). Productivity and efficiency analysis. an economic approach to measuring and explaining managerial performance (p. 418), Springer Singapore. https://doi.org/10.1007/978-981-13-2984-5.
Osobennosti otbora chastnogo partnera v GChP-proektah v stranah EAJeS. (2018). (Characteristics of the private partner selection process in PPP projects in the EAEU countries (2018)) PPP National Development Center. http://pppcenter.ru/assets/files/18062018analitika.pdf. Accessed 11 Mar 2019.
Ocenka effektivnosti proektov GCHP po sravneniyu s inymi formami realizacii infrastrukturnyh proektov v stranah-uchastnicah EAES. (2018). (PPP projects effectiveness assessment compared to other forms of infrastructure projects in the countries participating in the EAEU (2018)). PPP National Development Center. http://pppcenter.ru/assets/files/issledovanie_100118.pdf. Accessed 11 March 2019.
O pervoocherednyh merah po sovershenstvovaniju koncessionnogo zakonodatel’stva. (2017). (On priority measures for concession legislation development (2017)). PPP National Development Center. http://pppcenter.ru/assets/files/reliz_21092017.pdf. Accessed 11 March 2019.
Public-Private Partnership and Investment in Infrastructure (2010). OECD.
PPP Basics and Principles of a PPP Framework. (2012). PPIAF. www.castalia-advisors.com/files/Note-One-PPP-Basics-and-Principles-of-a-PPP-Framework.pdf. Accessed 9 Mar 2019.
PPP Reference Guide 3.0. (2017). World Bank. www.library.pppknowledgelab.org/documents/4699. Accessed 12 Mar 2019.
Procuring Infrastructure Public-Private Partnerships Report 2018: Assessing Government Capability to Prepare, Procure, and Manage PPPs. (2018). World Bank, Washington, DC.
Public-Private Partnership Handbook. Manila: Asian Development Bank. (2008). Asian Development Bank.
Public–Private Partnership Monitor. (2017). Asian Development Bank.
Rekomendacii po realizacii proektov gosudarstvenno-chastnogo partnerstva. Luchshie praktiki. (2016). (Recommendations for the public private partnership projects implementation. Best practices (2016)). Ministry of Economic Development of the Russian Federation. http://economy.gov.ru/minec/activity/sections/privgovpartnerdev/support/20160829. Accessed 10 March 2019.
Rekomendacii po realizacii proektov gosudarstvenno-chastnogo partnerstva v sub”ektah Rossijskoj Federacii. (2013). (Recommendations for the public-private partnership projects implementation in the subjects of the Russian Federation (2013)). PPP Development Center. www.pppi.ru/sites/all/themes/pppi/img/pppsphere_managment1.pdf. Accessed 10 Mar 2019.
Roumboutsos, A., & Sciancalepore, F. (2014). Public-private partnership tenders: Optimizing on competition. Transportation Research Record (pp. 83–90), Vol. 2450. National Research Council. https://doi.org/10.3141/2450-11.
Saussier, S., & de Brux, J. (2018). The economics of public-private partnerships: Theoretical and empirical developments (p. 240), Springer International Publishing. https://doi.org/10.1007/978-3-319-68050-7.
Thomas, E. (2013). Water and wastewater treatment facility project. P3 Value for Money Assessment and Project Report.
Jiang, W. (2014). Business partnerships and organizational performance. In The role of resources and capabilities (p. 355). Springer, Berlin Heidelberg. https://doi.org/10.1007/978-3-642-53989-3.
Yescombe, E. R. (2013). Public-private partnerships: Principles of policy and finance (2nd ed.). Oxford: Elsevier Science.
Yvrande-Billon, A. (2006). The attribution process of delegation contracts in the French urban public transport sector: Why competitive tendering is a myth. Annals of Public and Cooperative Economics, 77(4), 453–478. https://doi.org/10.1111/j.1467-8292.2006.00315.x.
Zakon o gosudarstvenno-chastnom partnerstve: rukovodstvo po primeneniyu. (2015). (Public-private partnerships law: guidelines). Centr razvitiya GCHP (PPP Development Center). Moscow. http://p3institute.ru/netcat_files/23/25/Zakon_Block_28_09_2015_v01__2__003_.pdf. Accessed 10 March 2019.
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2020 The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Cite this chapter
Poroshin, A.V., Studenikin, N.V. (2020). Commercial and Financial Closure. Monitoring and Control of PPP Projects Implementation. In: Ivanov, O.V., Inshakova, A.O. (eds) Public-Private Partnerships in Russia. Competitive Government: Public Private Partnerships. Springer, Cham. https://doi.org/10.1007/978-3-030-56352-3_10
Download citation
DOI: https://doi.org/10.1007/978-3-030-56352-3_10
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-56351-6
Online ISBN: 978-3-030-56352-3
eBook Packages: Economics and FinanceEconomics and Finance (R0)