Construction of a port terminal in Batani (Philippines), funded at the expense of
PPP in the amount of 18.5 million US dollars and completed in 2016, will allow to
increase ports volumes by at least 3 million tons of cargo annually. The port is also
expected to serve as a transit hub and will support the establishment of the ASEAN
network for short sea shipping [15].
ASEAN member countries, using PPP mechanisms, have set up many special
economic zones, including industrial, science and technology parks, which provide
significant economic, technological and social benefits. According to the UNIDO 2015
study, ASEAN already has more than 1000 economic zones (893 industrial parks, 84
special economic zones, 2 eco-industrial parks, 25 technology parks and 1 innovation
district). These zones helped to attract many TNCs into public-private partnerships and
build several factories that gave jobs and improved living standards in the region. Thus,
only Batamindo Industrial Park on the island of Batam (Indonesia), developed by
Sembcorp (Singapore), has attracted more than 70 manufacturing TNCs and created at
least 60,000 jobs, making the island in economic hub.
Vietnam employs 212 industrial parks and economic zones, which in 2015
launched more than 5,500 PPP projects with a foreign investment contribution of 85.5
billion US dollars [18].
Indonesia plans to build 8 SEZs and 14 new industrial sites between 2015 and
2019. One industrial park is being developed by the investment company China
Minsheng. It is expected that this PPP project will be completed in 2020 at an estimated
cost of 5 billion US dollars [19].
Further investment needs of ASEAN's infrastructure, according to UNCTAD
estimates, amount to about 110 billion US dollars yearly by 2025 should be directed to
energy, transport, telecommunications, water supply and sanitation, which will
contribute to a balanced socio-economic development of the countries of the region.
Considering the experience of applying PPP projects in foreign practice, we see
that this tool for attracting private capital into the development of the territory is
effectively implemented in those areas where the state and business have common
goals, but can not achieve them on their own [20].
In general, through the implementation of the PPP mechanism, international
investment operations are being carried out in more than 120 countries of the world;
with the most widespread use in the United Kingdom, EU member states, USA,
Australia, PRC. Assessments of the UN Economic Commission for Europe indicate
that about 80% of all implemented PPP projects have been successfully implemented,
which has a positive impact on the development of various sectors of the economy and
is guiding it towards the goals of sustainable development. Despite some unsuccessful
projects and the slow political recognition of PPPs, a policy aimed at expanding its use
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