Public-private partnership is a longterm mutually beneficial cooperation of the state and a private investor aimed at implementing of state objectives, increasing the accessibility and quality level of public services, attracting private investments for construction, reconstruction, modernization and operation of various public infrastructure facilities based on risk sharing between a private enterprise and the state.
The essence of the PPP mechanism is actually the transfer of functions for the construction, reconstruction, modernization, maintenance and operation of public infrastructure facilities to the private sector.
Since August 17, 2016, in accordance with the Decree of the Head of the Republic of Bashkortostan “On the Corporation for Development of the Republic of Bashkortostan”, the Corporation for Development of the Republic of Bashkortostan has been engaged in supporting the projects of public-private partnership and investment projects under concession agreements with the participation of the Republic of Bashkortostan.
The Corporation for Development of the Republic of Bashkortostan provides the services for selection of objects, coordination with republican executive authorities and municipalities and further preparation of a PPP project in accordance with the legislation.
The main spheres for PPP (concession) development are as follows:
transport infrastructure including public transport;
communal infrastructure (concession)
education, culture, sport, tourism
environmental infrastructure in terms of treatment and disposal of solid domestic waste