Increase of the infrastructure competitiveness of the Republic of Crimea on the basis of public and private partnership

The article maintains the idea that regional development and the growth of its competitive power in the conditions of a new economic system evolving in Russia requires the creation of an adaptive and regulated infrastructural system. The competitive power of a separate region is currently defined by a well-organized infrastructure system corresponding to the existing conditions.Therefore, the article offers the author’ concept of the regional mechanism ofcompetitiveness basedon the infrastructural development that can be applied regionally. The tools for its implementation are also identified. The findings of the research suggest that public and private partnership performs as an efficient tool of regional infrastructural development, whereas infrastructure itself has a significant impact on the competitive power and innovative potential of the region. The author presents the stages of the infrastructural project development. The analysis of the legal acts regulating the public and private partnership in Russia and the Republic of Crimea shows that the mechanism of public and private partnership remains to be a comparatively new phenomenon for Russia, whereas in the Republic of Crimea the legal framework is still being developed. The author proposes the mechanism of public and private partnership as a means of the implementation of major socially oriented projects by means of mutual efforts of governmental authorities and private businesses. The advantagesof such public and private partnership projects are defined for both parties - the state and private investors.Public and private partnership allows expanding into new market segments, developing various economic sectors and implementing innovations, providing the competitive power of the region, improving the corporate social responsibility of businesses and thus this type of cooperation contributes to the reduction of social tensions in the region and a better life quality.