A Study on Public-Private Partnership in Highway Infrastruct

发布时间：2023-11-14 18:32

　　

【文章页数】：206 页

【学位级别】：博士

【文章目录】：
Abstract
1 Introduction
    1.1 Background of the problem
    1.2 Statement of the problem
        1.2.1 Theoretical problem
        1.2.2 Practical context of the problem for the Republic of Belarus
    1.3. Objectives of the study
        1.3.1 Purpose of the study
        1.3.2 Object of the study
        1.3.3 Research strategy
2 Literature review
    2.1 Theoretical basis of PPP and its application in the highway infrastructure
        2.1.1 Essence, characteristics and principles of PPP
        2.1.2 Participants of PPP and scope of its application
        2.1.3 Types and forms of PPP for highway infrastructure
    2.2 Highway infrastructure project financing under condition of PPP
        2.2.1 Highway infrastructure project and project company
        2.2.2 Funding approach of the PPP project
        2.2.3 Capital structure of the project company
        2.2.4 Sources of capital for the PPP project
        2.2.5 Contractual nature of project financing
    2.3 Summary of the literate review
3 The strategy of raising capital for the highway infrastructure project under PPP
    3.1 Influence of characteristics of highway infrastructure proj ects and conditions of PPP on raising capital
        3.1.1 Obstacles of raising capital for highway infrastructure projects
        3.1.2 Mitigation of investment environment under PPP
    3.2 The basis and principles of the strategy of the project company
        3.2.1 Life cycle of the PPP project as the basis for the strategy of raising capital 51
        3.2.2 Principles of the strategy
    3.3 The strategy of raising capital for the project
    3.4 Summary of the chapter
4 Financial instruments for the strategy
    4.1 Interaction of the participants of the PPP highway infrastructure project during capital raising process
        4.1.1 The key sources of the project capital
        4.1.2 Bank lending of the PPP highway infrastructure project under the conditions of the state assistance in the lending process
    4.2 Economic and mathematical model of bank lending attraction to financing of the projects under the conditions of PPP subject to the equity of the sponsors and budget financing
        4.2.1 Statement of the problem and hypothesis
        4.2.2 Modeling object, objective function and optimality criterion
        4.2.3 Model building
        4.2.4 Mathematical verification of the model
    4.3 Summary of the chapter
5 Case study of the PPP project in highway infrastructure of the Republic of Belarus
    5.1 The framework of PPP in the Republic of Belarus
        5.1.1 Investors'motives for investment in the Republic of Belarus and their benefits
        5.1.2 Concerns of investment in the republic of Belarus
        5.1.3 Actions of the Belarusian authorities for overcoming PPP issues
        5.1.4 Summary
    5.2 Case study of a PPP project in the Republic of Belarus
        5.2.1 Background of the project
        5.2.2 Project description
        5.2.3 Partnership arrangement
        5.2.4 Project development
        5.2.5 Project operation
        5.2.6 Funding and financing of the project
        5.2.7 Project results and learned lessons
    5.3 Optimization of BelToll project financing by the strategy of capital raising and its financial instruments
        5.3.1 Analysis of the BelToll project financing plan
        5.3.2 Optimized option of the BelToll project financing
        5.3.3 Comparison of options of capital raising for the BelToll project
    5.4 Summary of the chapter
6 Conclusion
    6.1 Research findings
        6.1.1 Course of research and obtained results
        6.1.2 Summary of research findings
        6.1.3 Author's contribution, limitation and application of the findings
    6.2 Application of the research result in the Republic of Belarus
    6.3 Future research
Summary of the Originalities
References
Appendix A Main project types
Appendix B Infrastructure projects by primary sectors
Appendix C Investments into economy of the Republic of Belarus
Appendix D Weighted average costs of capital
Appendix E Data for mathematical analysis of the model
Appendix F Calculation for mathematical verification of the model
Appendix G Data validation for the mathematical verification of the model
Appendix H Verification of the model in case of decrease of project company's income
Appendix I Preferences of the project BelToll
Appendix J Planned and actual stretch of the roads for BelToll project
Appendix K Current accounts for servicing of the project cash flows
Appendix L Financial flows of ETC-system
Appendix M BelToll project implementation schedule
Appendix N Schedule disbursement of capital for BelToll project
Appendix O Forecast and distribution of income of the BelToll project
Appendix P The government payments
Appendix Q Budget design for the BelToll project
Appendix R Income analysis of the BelToll project
Appendix S Calculations of the BelToll project lending
Appendix T BelToll project budget with the optimized option of financing
Appendix U Income analysis of the BelToll proj ect with optimized funding
Appendix V Balance at the end of the accounting period in the proj ect budget
Appendix W Deviation of financial results of Beltoll project funding
Publications
Acknowledgement
Resume



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