MECHANISM OF BUSINESS, AUTHORITIES AND LOCAL GOVERNMENT PARTNERSHIP

Abstract

The increased interest in using the mechanism of public-private partnership in many countries of the world is due to the fact that its use allows the public sector to realize large-scale capital-intensive and resource-intensive projects in the field of socio-economic infrastructure at the expense of the optimum time and with the smallest cost. In the context of limited budget opportunities, the expansion of the practice of using the mechanism of public-private partnership can be a significant stimulus factor that will ensure the necessary growth rates of the country's economy. The main aspects of the mechanism of public-private partnership functioning are identified and described. The development of the modern cities economy is analyzed. The article analyzes the elements of the institutional environment, stimulating and / or restraining public-private partnerships on example of each given aspects.