L. Jasiukevičius “The assessment of public-private partnership‘s possibilities to optimize investments in public infrastructure” doctoral thesis defence

Author, Institution: Linas Jasiukevičius, Kaunas University of Technology,

Science area, field of science: Social Sciences, Economics – 04S

Scientific Supervisor: Prof. Dr. Asta Vasiliauskaitė (Kaunas University of Technology, Social science, Economics, 04S).

Dissertation Defence Board of Economics Science Field:
Prof. Dr. Rytis Krušinskas (Kaunas University of Technology, Social science, Economics, 04S) – chairman,
Prof. Dr. Vilija Aleknevičienė (Aleksandras Stulginskis University, Social science, Economics, 04S),
Prof. Dr. Andrzej Buszko (University of Warmia and Mazury in Olsztyn, Social science, Economics, 04S),
Prof. Dr. Valentinas Navickas (Kaunas University of Technology, Social science, Economics, 04S),
Prof. Dr. Vytautas Snieška (Kaunas University of Technology, Social science, Economics, 04S).

The doctoral dissertation is available at the libraries of Kaunas University of Technology (K. Donelaičio str. 20, Kaunas), Klaipėda University (K. Donelaičio a. 3, Klaipėda) and at the Lithuanian Energy Institute (Breslaujos g. 3, Kaunas).

Annotation:

The public sector institutions are constantly looking for the most efficient ways of investment implementation and service delivery, while the collaboration with the private sector can provide various possibilities in this respect. However, since there are different interests of the public and private entities and possible forms of such collaboration, the public entities face the challenge to assess whether the implementation of investment projects (IPs) as the public-private partnership (PPP) would be beneficial and what financial conditions of collaboration of entities participating in the PPP would be optimal. Therefore, the scientific problem of the dissertation is raised: how to assess the possibilities provided by the PPP to optimize investments in public infrastructure that the results obtained would enable to make reasonable decisions regarding the most efficient ways for their implementation? By disclosing the complexity of assessing the possibilities of PPP to optimize investments in public infrastructure, the model, consisting of the following stages as initial IP formation, IP selection for PPP, PPP feasibility analysis, value for money assessment and monitoring, was created. To develop the model for the practical application, the submodels of financial discount rate determination, risk assessment and allocation were prepared. The created complex model was empirically verified in the cases of both social-based and economic-based IPs, stating its suitability to be applied in making decisions for the most efficient ways and forms of investment implementation and service delivery.