CONCESSION AGREEMENTS IN THE PUBLIC-PRIVATE PARTNERSHIP SYSTEM
Abstract
Purpose of the study – The role and place of concession agreements in the system of public-private partnerships are considered.
Research Methods – To solve research problems, statistical and graphical methods, comparative analysis, general scientific methods of analysis and synthesis were used.
Originality / value – The views of various scientists and economists on the economic nature, role, place and features of concession agreements in the system of public-private partnerships are considered.
Conclusions – As a result of the study, the author comes to the following conclusion: a concession is a form of legal responsibility between a concessor (authorized state body) and a concessionaire (a private company or a consortium of private companies) to create and / or manage state-owned objects, in which each party has their rights and obligations. This form of interaction realizes the following economic goal - the achievement of socio-economic efficiency through the use of project financing mechanism and a reasonable distribution of risks.
About the Author
U. A. Tekenov
JSC "University NARXOZ"
Kazakhstan
Kazakhstan
doctor of economics, professor
Almaty
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Review
For citations:
Tekenov U.A. CONCESSION AGREEMENTS IN THE PUBLIC-PRIVATE PARTNERSHIP SYSTEM. Central Asian Economic Review. 2019;(1):104-113. (In Russ.)
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