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Public-private partnership in the context of sustainable development in Ukraine

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Category: Content №5 2025

Last Updated on 25 October 2025

Published on 30 November -0001

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Authors:

T. Lozynska*, orcid.org/0000-0003-2858-9374, Poltava State Agrarian University, Poltava, Ukraine; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

O. Lypynska, orcid.org/0000-0002-6317-7511, Odesа Polytechnic National University, Odesa, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

K. Havrysh, orcid.org/0000-0003-3483-4954, Interregional Academy of Personnel Management, Kyiv, Ukraine; e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

M. Plotnikova, orcid.org/0000-0003-2852-3009, Polissia National University, Zhytomyr, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

K. Tsentylo, orcid.org/0009-0006-5603-0112, National Scientific Center “Institute of Agrarian Econo­mics”, Kyiv, Ukraine; e-mаіl: This email address is being protected from spambots. You need JavaScript enabled to view it.

* Corresponding author e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

повний текст / full article

Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2025, (5): 252 - 260

https://doi.org/10.33271/nvngu/2025-5/252

Abstract:

Purpose. Analysis of the state of public-private partnership (PPP) in Ukraine and identification of areas for improving the use of the PPP mechanism to attract domestic and foreign investments.

Methodology. Comparative analysis methods indicated a stabilization of the number of PPP projects. The method of analysis and synthesis allowed proving that the insufficient adaptation of Ukrainian legislation to the needs of PPPs is not the main factor in stakeholder opportunism. Mathematical methods are also used, on the basis of which a mathematical model for predicting risks was developed.

Findings. The analysis of the level of non-adaptation of Ukrainian legislation to the needs of PPPs confirms that this is not the main factor in the opportunism of private stakeholders. The significance of the level and uncertainty of risks for PPP investors is confirmed. It is indicated that the involvement of bank loans by stakeholders can form a multiplicative mechanism for increasing risks. Areas for legislative change to increase the effectiveness of PPPs are indicated. A departure from the state-centric PPP model is proposed. The concept of competitiveness PPP projects in the investment market is proposed.

Originality. A mathematical model for taking into account the influence of uncertain risks is developed to increase the effectiveness of PPP project insurance. It is proposed to introduce changes in the distribution of losses by risk in the implementing PPP projects. It is proposed to introduce insurance for the risks of PPP projects and to use companies organized on the PPP principle for this purpose.

Practical value. The proposed approaches to reducing the impact of risks on stakeholder opportunism are capable of ensuring an increase in investments in PPP projects.

Keywords: public-private partnership, sustainable development, risk sharing, risk insurance

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