ASSESSMENT OF THE EFFECTIVENESS OF PUBLICPRIVATE PARTNERSHIP PROJECTS ON THE EXAMPLE OF THE TRANSPORT INFRASTRUCTURE OF THE REPUBLIC OF KAZAKHSTAN

Abstract

Public-private partnership is a promising and well-proven tool in many
developed countries to attract investment in infrastructure projects. The introduction of
such a tool is especially relevant in modern conditions of socio-economic instability and
is associated with the financing of large infrastructure projects (in the transport industry).
The purpose of the study is to analyse existing approaches to assessing the effectiveness of
public-private partnership projects in the field of transport infrastructure of the Republic
of Kazakhstan. Methods for the study of the subject matter: analysis of Kazakh and foreign
theoretical approaches, analysis and synthesis, statistical and systematic analysis, system,
concretisation, graphical representation of information, analysis of state programmes and
legislative documents. As a result of the study, the author’s hypothesis was confirmed – by improving, developing, and systematising the system of criteria for assessing the effectiveness
of infrastructure projects, followed by the definition of methodological approaches and the
development of assessment tools, it is possible to intensify the development of transport
infrastructure projects based on public-private partnership models. This would help to
attract additional extra-budgetary funds and stimulate the introduction of new technologies
in the design, construction, and maintenance of transport infrastructure facilities of the
Republic of Kazakhstan.