Public-Private Partnership in the Public Utilities in Russia: Current Situation and Prospects

Abstract

This article devoted to the current situation and the prospects for concessions in the public utilities sector in Russia. Concession contracts allow to create elements of a market-based system in previously monopolistic sphere and to improve the state property management while saving public ownership. However, there are a number of institutional and economic factors which stopped the development of such interaction mechanism in the modern Russia. Th e paper presents the analysis of the most important factors.

Keywords:

public utilities, modernization, infrastructure backlog, public-private partnership, concession, institutional barriers