PPP projects as a tool for interaction of government and business in construction: advantages and disadvantages

The article discloses the content and types of PPP projects in the field of construction, formulates the main goal of PPP construction projects, which is to integrate the opportunities of both the private and public sectors for their mutual benefit and solving issues of territorial development; shows the advantages of PPP in construction, the key component of which is that the private party assumes significant risk and, as a result, ultimately receives significant benefits, depending on the results of its activities; the private partner undertakes the main work: hires, pays and supervises the contractor, and also participates in the design, financing, operation and maintenance of the project during the construction process; at the same time, it is necessary to avoid mistakes typical for PPP in construction, which are highlighted in the article.