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Financial Analytics: Science and Experience
 

A study into comprehensive investment projects to substantiate budgetary spending on the creation of industrial and technology parks

Vol. 9, Iss. 19, MAY 2016

PDF  Article PDF Version

Received: 17 February 2016

Received in revised form: 21 March 2016

Accepted: 27 April 2016

Available online: 29 May 2016

Subject Heading: RISK, ANALYSIS AND EVALUATION

JEL Classification: H54

Pages: 48-62

Remizova T.S. Financial Research Institute, Moscow, Russian Federation
tttatia@yandex.ru

Importance To develop industrial and innovative infrastructures, the State should support the process of setting up and promoting various types of comprehensive investment projects.
Objectives The research embraces 25 comprehensive investment project data sheets.
Methods The analysis was based on the volume of anchor residents' investment out of the total project investment funds, revenue of anchor residents out of resident's total revenue, residents' productivity, launch of infrastructure facilities, extrabudgetary-to-budgetary investment ratio, ratio of taxes paid and budgetary investment.
Results Most data sheets under study represent no more than one anchor resident demonstrating the average percentage of investment out of total investment – 10%. Thus, industrial parks and technology towns are presumably not very attractive for large residents. During the tenth year of the project implementation, infrastructure of all parks and all types of infrastructures are more than 50% operational. However, this indicator results from planned residents, which have not started their activities in parks as of the beginning of the period analyzed.
Conclusions and Relevance The article presents my own conclusions on the significance of the indicators in question to support industrial parks and technology towns in the most reasonable and appropriate manner with federal budgetary funds. I also prepared a list of projects, which should be evaluated and studied through additional parameters.

Keywords: industrial park, comprehensive investment project, data sheet, infrastructure, budgetary investment

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