Abstract/Summary

Although public-private partnerships (PPPs) are new in Kazakhstan and Russia, governments are actively pursuing PPP deployment in transportation, urban infrastructure and the social sector. To bridge the conceptual gap between PPPs' low value for money and efforts aimed at extensive partnership implementation, the government needs to promote PPP social value. It includes creation of competitive and sustainable entrepreneurial environment that serves PPP supply chain, smaller government sector's scope and greater environmental sustainability. The chapter investigates why and how PPPs are associated with these elements of social value. Due to its long-term significance to society, the PPP capacity to create social value outweighs PPP costs and provides strong justification for accelerated PPP development by advancing sustainable entrepreneurship.