FEATURES OF THE IMPLEMENTATION OF PUBLIC-PRIVATE PARTNERSHIP IN THE SOCIAL SPHERE

Abstract

A significant advantage of public-private partnership (PPP) in the social sphere, acting as a mechanism for interaction between the public and private sectors, can be called its focus on the modernization and development of social infrastructure. The development of social infrastructure is one of the key elements of the social development of territories and requires significant investments in order to satisfy the constantly growing demand of the population. Nevertheless, in order to attract financing, new approaches to the construction and operation of infrastructure facilities are required, taking into account social factors, along with economic efficiency. Social infrastructure is less risk-prone, improves people's lives, and is more efficient and profitable in terms of return on investment. Developed countries have long taken into account the factors of sustainability in the implementation of infrastructure projects, and international financial organizations are developing their own policies to assess their sustainability. In addition, such infrastructure contributes to the achievement of national and international development goals and strategies. Russia, as a major participant in the international arena, is also committed to the principles of sustainability, but it is inferior to developed countries in terms of the pace of their implementation and in building sustainable infrastructure. PPP in the social sphere acts as a tool for the implementation of social innovations, since it contributes to the joint solution of urgent social problems and the satisfaction of social needs through the mobilization of resources; a driver of socio-economic development, contributing to an adequate response to emerging social and economic challenges. The author gives a definition of PPP in the social sphere, presents the results of the analysis of the Russian market of PPP projects, considers the practice of financing PPP projects in the social sphere in the context of industries (education, health care, culture, sports), outlines the consequences of the new coronavirus infection pandemic for the PPP market. projects, the factors for the development of PPP in the social sphere are identified, problem areas for further research are outlined.