Problems of Regulatory Regulation of Public-Private Partnership at the Current Stage of Economic Development

Abstract

The article analyzes the evolution of the legislative framework of public-private partnership (PPP), identifies the main stages of the formation and transformation of regulations. The author characterizes the current regulatory framework, identifies the main problematic aspects related to the uncertainty of concepts, limited subject composition, a closed list of facilities, an insufficient incentive system for private partners, poor elaboration of risk allocation mechanisms, restrictions on the participation of state-owned enterprises and insufficient integration of ESG principles. Based on the analysis of scientific literature and law enforcement practice, the directions of improving the regulatory regulation of PPPs are proposed, in particular, clarifying definitions, expanding the range of participants and facilities, formalizing the incentive system, introducing risk management standards, development of special regimes for specific areas and integration of sustainable development and ESG criteria into PPP projects. The implementation of the proposed measures will improve the efficiency, transparency and sustainability of partner projects, promote the development of innovation infrastructure and strengthen trust between government and business.