Public-private partnership

In the context of the global economic transformation and the growing need for infrastructure development, states are facing limited budgetary resources required for the implementation of large-scale investment projects. In this regard, the public-private partnership mechanism is of particular importance, as it makes it possible to combine the financial, managerial, and technological resources of the state and the private sector. The attraction of private capital to infrastructure projects is becoming one of the key instruments for modernizing transport, energy, and social infrastructure, as well as for improving the efficiency of public resource management.

This article analyses the practically significant amendments to the FIDIC Second Edition 2017 standard conditions with the 2022 amendments package as applied to public-private partnership (PPP) and public procurement contracts. Three key innovations are examined: the distinction between a Claim and a matter, the tightened definition of Dispute, and the reinstatement of the exceptionality criterion in the concept of Exceptional Event.

The development of electricity distribution networks requires substantial investment to modernise infrastructure, enhance the reliability of energy supply, and facilitate the integration of renewable energy sources. In the context of constrained public resources, many countries have adopted public-private partnership (PPP) mechanisms to attract private capital and improve the managerial efficiency of distribution system operators

Public-private partnership (PPP) is increasingly used as an instrument for financing urban infrastructure worldwide. However, financial attractiveness for the private investor is only one dimension of project success. The key question for the public authority remains another: does the project create real value for society? To answer this question, Cost-Benefit Analysis (CBA) is applied — a methodological tool that enables a comprehensive assessment of all social, economic and environmental effects of a project

In the context of active infrastructure modernization, public-private partnership (PPP) is viewed in Uzbekistan as one of the key instruments for attracting private capital and reducing the burden on the state budget. However, the development of PPPs is accompanied by a range of institutional and legal challenges, caused by a mismatch between the rapid expansion of the project portfolio and the current state of the organizational, regulatory, and managerial framework.