Investment committee: public-private partnership mechanism will be standardized for social facilities

A round table discussion on «Public-Private Partnership in the Construction Industry» took place in St. Petersburg, on the initiative of the expert community and the Union of Construction Associations and Organizations.

Public associations and banking institutions heads, St. Petersburg relevant committees and legal and consulting companies representatives visited the round table.

Maxim Sharipov, St. Petersburg Investment Committee’s Deputy Chairman acted as an expert on the authorities interaction with the business community. He focused on public-private partnership mechanism improvement and its appliance for the construction and development projects implementation.

«Today public-private partnership is our locomotive in strategically important projects creation, including transport and social infrastructure», Maxim Sharipov told. «St. Petersburg is a pioneer in public-private partnership in transport due to such projects as Western High-Speed Diameter and «Chizhik» tram as well. But we don’t stand still and actively strive to adapt the current experience for medical institutions, schools, kindergartens - those facilities, required for all major construction. Now each public-private partnership project is a unique work piece, therefore, we strive to standardize the partnership terms and make its use as widespread and convenient as possible for all the investors being interested in».

The discussion participants discussed the financial tools, the risks sharing possibility and the interests balance efficient use issues, given the social issues resolving.