Open AccessProject infrastructure bonds as a tool for the PPP projects’ additional financing in the healthcare facilities’ construction
Author(s) -
Елена Сидоренко,
Vladislava Semiglazova
Publication year - 2020
Publication title -
iop conference series. materials science and engineering
Language(s) - English
Resource type - Journals
eISSN - 1757-899X
pISSN - 1757-8981
DOI - 10.1088/1757-899x/913/5/052012
Subject(s) - pledge , collateral , finance , bond , business , general partnership , project finance , real estate , payment , investment (military) , government (linguistics) , market liquidity , private sector , real estate investment trust , economics , economic growth , linguistics , philosophy , politics , political science , law
The article discusses the possibilities of using the additional sources of financing in the construction and operation of infrastructure health facilities in the framework of public-private partnership agreements. The specificity of infrastructure bonds as a form of investment in the infrastructure facilities’ creation in the health sector is clarified. It is proposed to expand the list of PPPs in the healthcare sector by means of the non-concession models. In concessions, there are a number of restrictions removed in the application of non-concessive PPPs. Therefore, the project bonds should be separated from the concession bonds. The project bonds’ liquidity is determined by collateral, which can be the government guarantees, future cash income, real estate created. It is important to legally link the use of project bonds and the issuance of state guarantees in the long term, developing the institution of the rights’ pledge to claim the future cash payments.