The role of regional legal regulation in successful implementation of public and private partnership instruments through the example of Volga Federal district

Volume 5, Number 2, 2020, P. 171–179

[ JURIDICAL SCIENCES ]

Article (file: pdf, size: 225 KB, downloads: 398)

Abstract:

The purpose of this article is to determine the role of regional legal regulation in the successful implementation of public and private partnership instruments. First of all, public and private partnerships are considered as the ability of the state to implement important infrastructure projects with significant territorial coverage. It is determined that public and private partnerships act as a form of decentralization of state power, as well as a form of involvement of the Russian Federation legal entities in increasing their investment attractiveness. The article describes some of the reasons that impede the effective development of business involvement in solving important public problems through public and private partnerships. It analyzes interrelation between development of legal and regulatory framework of a legal entity in the field of public and private partnership and successful implementation of its instruments in some legal entities of Volga Federal District. The author presents statistical data that allow to identify the regions that are the most and least successful in the field of public and private partnership. With this in mind, regulatory legal acts of three regions of the Russian Federation (Nizhny Novgorod Region, Samara Region, Kirov Region) have been analyzed in order to determine the scope of implementation of legislative competencies in the field of public and private partnerships and create favorable conditions for its development in these regions’ territory. The study has showed that in the most successful regions in terms of investment attractiveness and development of public and private partnerships, the proper legislative framework is set that regulates the investment process in sufficient detail of projects from inception to completion. This allowed the author to conclude that there is a direct correlation between the development of regional legislation on public and private partnerships and investment attractiveness of the Russian Federation legal entities.

Keywords:

public and private partnership, investment, investment project, public infrastructure, regional legislation

Author:

Yuvenali V. Biserov, Head (Auditor) of the regional public organization «Freestyle Sports Federation of the Kirov Region»; executive director of LLC «MOROZOV», Kirov, Russia

For citation:

Biserov Y.V. (2020) The role of regional legal regulation in successful implementation of public and private partnership instruments through the example of Volga Federal district. Sotsial’naya kompetentnost’ = Social Competence. Vol. 5. No. 2. Pp. 171–179. (In Russ.)

References:

  1. Averkieva E.S. (2017) Public and private partnership as an institution of stimulating entrepreneurial activity. Journal of Economic Regulation. Vol. 8. No. 1. P. 117–130. (In Russ.)
  2. Antonova K.A. (2012) Public-private partnership as a factor in the socio-economic development of Russia. Moscow: Finance University under the Government of the Russian Federation (FinU). 23 p. (In Russ.)
  3. Arbatskaya YU.V. (2015) Investment costs of regional budgets: legal features. Vestnik universiteta im. O.E. Kutafina = Courier of the Kutafin Moscow State Law University (MSAL). No. 3. P. 82–87. (In Russ.)
  4. Berezin A.E. (2016) The institute of public-private partnerships in Russia: economic and legal aspects. Prioritetnye nauchnye napravleniya: ot teorii k praktike = Priority research areas: from theory to practice. No. 22. P. 199–202. (In Russ.)
  5. Borshchevskii G.A. (2020) Public-private partnership. Moscow: Yurait. 412 p. (In Russ.)
  6. Vasil’eva N.V., Kolosov N.V., Pyatkovskaya YU.V. (2020) Financial and legal mechanisms for financing some types of unforeseen expenses. Akademicheskij yuridicheskij zhurnal = Academical Law Journal. No.1. P. 12–19. (In Russ.)
  7. Vorob’ev M.M. (2016) To a question of the place of legal regulation of public-private partnership in the system of financial law. Leningradskij yuridicheskij zhurnal = Leningrad legal journal. No. 2 (44). P. 193–199. (In Russ.)
  8. Galkin I.V. (2019) Risk in law. Legal regulation of publicprivate partnerships. Yuridicheskaya tekhnika = Juridical techniques. No. 13. P. 656–658. (In Russ.)
  9. Goncharova N.N, Gizzatullin T.I. (2015) Modern legal regulation of public and private partnerships in Russia. Baltiiskii gumanitarnyi zhurnal = Baltic humanitarian journal. No. 2 (11). P. 7–12. (In Russ.)
  10. Zverev D.S., Kolomok O.I., Krapivenskii A.S. (2016) Improving the legal regulation of public-private partnerships. Vestnik Moskovskogo finansovo-yuridicheskogo universiteta = Herald of the Mosсow university of finances and law MFUA. No. 2. P. 133–141. (In Russ.)
  11. Levin I.G. (2013) Support for public-private partnerships — how it works in Germany. LEXPRO. Retrieved from http://www.lexpro.ru/opinions/view/893 (02.04.2020). (In Russ.)
  12. Lomovtseva O.A., Gerasimenko O.A. (2016) Trends in development of public infrastructure and mechanisms of public-private partnership in Russia. Nauchnye vedomosti Belgorodskogo gosudarstvennogo universiteta. Seriya: ekonomika, informatika = Belgorod State University Scientific. Scientific Bulletin. No. 23. P. 43. (In Russ.)
  13. Markovskaya E.I. (2020) Mechanisms of public-private partnership. Theory and practice. Moscow: Yurait. 491 p. (In Russ.)
  14. Salikhov H.M. (2009) Legislative improvement of publicprivate partnership mechanisms: regional aspects. Gosudarstvenno-chastnoe partnerstvo. Puti sovershenstvovaniya zakonodatel’noj bazy = Publicprivate partnership. Ways to improve the legislative framework. Moscow: Al’pina Pablisherz. P. 9–13. (In Russ.)
  15. Tkachenko I.N. (2019) Public and private partnership. Moscow: Yurait. 188 p. (In Russ.)