SCIENTIFIC AND THEORETICAL VIEWS ON THE FINANCING OF PROJECTS BASED ON PUBLIC-PRIVATE PARTNERSHIP
DOI:
https://doi.org/10.5281/zenodo.18725988Keywords:
Public-Private Partnership (PPP), Project Finance, Risk Allocation, Institutional Economics, Private Investment, Financial Sustainability, Value for Money.Abstract
This study systematically examines the fundamental theoretical paradigms and conceptual frameworks
governing project financing within Public-Private Partnership (PPP) structures. The research explores the specific financial
architecture of PPP arrangements, synthesizing key academic perspectives on Project Finance, Special Purpose Vehicles
(SPVs), and Blended Finance models. The analysis further considers diverse scientific approaches to risk allocation
mechanisms, the reduction of transaction costs, and the enhancement of fiscal efficiency. Drawing on Institutional Theory
and Principal-Agent Theory, the study explains the interaction between public sector coordination and private sector
operational effectiveness. Particular attention is given to the “Value for Money” (VfM) concept and the theoretical balance
between sovereign support mechanisms and market-oriented incentives. The findings highlight that well-structured PPP
financing models contribute to financial sustainability, efficient resource utilization, and long-term economic development.
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