Public Infrastructure Provision Project Development Framework

The objective of the current PhD thesis is to find in the design phase of the projects a public infrastructure provision (PIP) organizational model for the transport sector of the Republic of Armenia (RA) that generates the socially required Economic Internal Rate of Return (EIRR), thus providing the society with the added social values from the relevant infrastructure projects and, at the same time, ensuring relevant level of the Financial internal Rate of Return (FIRR) for the private companies interested in investing in relevant assets. This allows finding an optimized PIP organizational model for the transport sector of the RA using a project development framework developed based on the existing PIP instruments.