Public–Private Partnership Mechanisms in Financing Smart City Projects
Public–Private Partnership Mechanisms in Financing Smart City Projects
Author(s): Olha Prokopenko, Hanna Komarnytska, Tetiana IANKOVETS, Oksana MARUKHLENKO, Nataliia PROTSIUKSubject(s): Economy, Business Economy / Management, Financial Markets, Green Transformation
Published by: RITHA Publishing
Keywords: public-private partnerships; green bonds; smart cities; financial sustainability; private investment; technological maturity;
Summary/Abstract: This research paper addresses the critical challenge of financing Smart City infrastructure through the optimization of Public-Private Partnership (PPP) mechanisms. As municipalities face increasing fiscal constraints, the transition to digital urban environments requires innovative capital allocation strategies that balance public oversight with private sector efficiency. Using a comparative, correlation, and cluster analysis framework, this research evaluates their capacity to mitigate information asymmetry and distribute financial risks. The findings indicate that well-structured partnerships serve as essential economic instruments for expanding 'fiscal space' and ensuring the long-term financial sustainability of urban digital transformations. The results offer evidence-based insights for policymakers in transitional economies seeking to bridge the infrastructure funding gap while maintaining macroeconomic stability.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XXI/2026
- Issue No: 2(92)
- Page Range: 659-676
- Page Count: 20
- Language: English
