Public-private partnership: essence, functions and world practice

Abstract

The article examines the essence, objectives and world experience of using one of
the modern systems of a market economy - the public-private partnership mechanism - in the
implementation of infrastructure projects. This article examines the practice of creating a regulatory
framework for state associations and organizations, the purpose of which is to form and maintain
stable relations between state bodies and private entrepreneurship in the provision of public
services. The experience of working with this mechanism in the European Union, the USA and the
BRICS countries is analyzed, and current trends in the development of public-private partnership in
the modern world are identified.