Public-Private Partnerships in Transitional Economies : Case on Central Asia

The public-private partnership (P3) is taking a leading stage as one of the key forms of financing large public infrastructure projects. Several important factors are increasing its role, these are - strained public finances, interest from institutional investors to tap potentially lucrative projects and increased capacity of private sector to fulfill large government projects. Since Kazakhstan is a large country with vast infrastructure needs, the development of P3 is matter of time, hence is the need for development of knowledge, mentality and its possibilities and risks. In this article the author sheds a light on the implementation of P3 in emerging countries and issues they face, as well as develops a recommendation-framework to circumvent those issues and risks