PORTFOLIO FINANCING AND PUBLIC-PRIVATE PARTNERSHIP IN REGIONAL VETERAN RECOVERY PROJECTS

Abstract

The article substantiates the transition from financing fragmented veteran-support measures to managing a regional portfolio of interdependent projects. It is argued that veteran recovery is produced by a coordinated chain of medical and psychological rehabilitation, vocational adaptation, employment, entrepreneurship, accessible housing and mobility, family support and stronger community capacity rather than by an isolated facility or service. The purpose of the study is to develop conceptual foundations for selecting, financing and monitoring regional veteran recovery projects with the use of public-private partnerships. Systemic, project-based, risk-oriented, comparative and multi-criteria approaches are applied. Projects are assessed in terms of strategic alignment, maturity, additionality of public support, expected public value, financial sustainability, territorial impact and risk manageability. The scientific contribution is an integrated portfolio-financing architecture combining a needs map, a theory of change, differentiated financial instruments, life-cycle comparison of delivery alternatives, risk allocation, decision milestones and independent evaluation. Public-private partnership is justified only where it demonstrably outperforms traditional procurement or grant delivery while preserving service accessibility, transparent contracting and measurable social outcomes.