Iboev, Sakhiddin (2026) Analysis of the Practice of Financing Infrastructure Projects Through Public-Private Partnership Mechanisms: Evidence From Educational Organizations. Central Asian Journal of Innovations on Tourism Management and Finance, 7 (4). ISSN 2660-454X

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Abstract

This study examines the financing of educational infrastructure through public-private partnerships (PPPs), drawing on international experience to assess the implications for improving PPP financing practices in Uzbekistan. The research employs a purposive comparative analysis of PPP financing practices in the United Kingdom, Alberta (Canada), the Republic of Korea, and Uzbekistan. The analysis draws on government audit reports, project documentation, regulatory frameworks, and disclosures from international development institutions. A reproducible, illustrative 25-year financial model is developed to compare three procurement and financing alternatives: traditional public procurement, conventional PPP financing, and blended PPP financing. Sensitivity analyses assess the effects of operational efficiency, discount rates, and additional fiscal support costs on the present value of government payments. International evidence reveals substantial differences in the financial performance of PPP arrangements. While audit findings from the United Kingdom indicate higher cumulative cash costs for a selected group of PF2  school projects, evidence from Alberta suggests estimated risk-adjusted present-value savings associated with bundled procurement. However, these findings are based on different evaluation methodologies and are not directly comparable. Under the model assumptions, conventional PPP financing increases the present value of government payments by approximately 21% relative to traditional public procurement. Conversely, blended PPP financing reduces this value by approximately 5% before accounting for additional fiscal support costs. This financial advantage disappears when the incremental present value of such costs exceeds approximately US$0.65 million. The findings suggest that blended PPP financing may improve the fiscal affordability of educational infrastructure projects under specific financial and institutional conditions. Nevertheless, the estimated benefits represent scenario-based outcomes rather than empirically verified savings from implemented projects in Uzbekistan. Effective PPP procurement requires comparable service-quality standards, transparent accounting of public subsidies, comprehensive fiscal-risk assessments, and performance indicators that remain within the private partner's operational control.

Item Type:	Article
Uncontrolled Keywords:	public-private partnerships, educational infrastructure, blended finance, fiscal affordability, government payments, procurement efficiency, Uzbekistan
Subjects:	H Social Sciences
Depositing User:	admin eprints
Date Deposited:	31 Oct 2026 11:29
Last Modified:	31 Oct 2026 11:29
URI:	http://eprints.umsida.ac.id/id/eprint/17367

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