PPP: problems and solutions
Today, at a visiting meeting of the Committee of the State Council of the Republic of Tatarstan on Economy, Investment and Entrepreneurship at the Agency, Taliya Minullina outlined the pain points of the existing system of public-private partnership, which prevent its more active use by investors, and solutions to them are needed at the legislative level.:
• long-term structuring (at least a year);
• Government risks that may be borne by the budget;
• Imperfection of performance assessment methods (an industry component is needed);
• gaps in the law in terms of investor's rejection of the project;
• a narrow list of objects for PPP, the inability to use cultural heritage sites;
• Lack of federal programs;
• Lack of public initiative.
The Agency has prepared a number of proposals to initiate amendments and additions to legislation on public-private and municipal-private partnerships, concession agreements, and offset contracts.
Watch the broadcast at the link: https://vkvideo.ru/video-211407548_456239616
Taliya Minullina, Head of the Investment Development Agency of the Republic of Tatarstan:
"The topic is very complicated. Today, everyone uses the term "public-private partnership", but in 95% of cases it is incorrect from the point of view of the letter of the law. The Agency is the authorized body for public-private, in particular municipal-private partnership. This means that for each PPP/MCHP project, we assess the comparative advantage."
Marat Galeev, Deputy Chairman of the Committee of the State Council of the Republic of Tatarstan on Economy, Investments and Entrepreneurship:
"The practice of applying the law shows that not small, but very serious changes are needed... It is impossible to abandon the PPP! It solves problems where there is not enough public money."
Almaz Khusainov, Deputy Minister of Sports of the Republic of Tatarstan:
"Many thanks to AIR, we literally go hand in hand through all the stages of each project."