Ovsyannikova Y. Financing of the public-private partnership' projects.

The theoretical principles concerning the financing of public private partnership' projects are deepened and practical recommendations for improving the procedure of raising funds for projects of public-private partnerships through the use tools of mezzanine financing and project bonds are substantiated. The author's interpretation of the term of the "public-private partnership" is suggested and understanding of its essence as a special instrument of government economic regulation under current conditions, which takes into account the peculiarities of its operation in accordance with the list of involved subjects and application specificity, is deepened. Methodical approach of determining the discount rate, which is on the basis of the distribution of systematic risk between partners, is improved. The theoretical model of solving risk-sharing conflicts between the partners of public-private partnership' project, which is on the basis of the concept of project life cycle, is developed.