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ИД «Финансы и кредит»






Digest Finance

Financing Russia's transport infrastructure using public-private partnership facilities: Current challenges and prospects

Vol. 27, Iss. 4, DECEMBER 2022

PDF  Article PDF Version

Received: 25 August 2022

Received in revised form: 27 September 2022

Accepted: 20 October 2022

Available online: 28 December 2022


JEL Classification: R40, R42

Pages: 404–422


Nikita P. KULICHENKOV Moscow State Institute of International Relations (University) of Ministry of Foreign Affairs of the Russian Federation (MGIMO University), Moscow, Russian Federation

ORCID id: not available

Subject. This article examines the main ways and legal forms of implementation of transport infrastructure projects in the Russian Federation, the challenges associated with financing, and the prospects for the development of the public-private partnership (PPP) mechanism when implementing transport projects.
Objectives. The article aims to substantiate the effectiveness of the use of PPP mechanisms when implementing transport infrastructure projects in Russia to ensure the long-term development of the country.
Methods. For the study, I used analysis and synthesis, deduction and induction, statistical and graphical analyses, and comparison.
Results. The article assesses the role of PPP facilities in project financing to encourage the inflow of investments in the field of transport infrastructure and determines the main organizational and legal framework for the implementation of transport projects.
Conclusions. The State's participation in project financing through PPP mechanisms when implementing transport infrastructure projects in Russia can help improve the attractiveness of long-term projects with high capital expenditures due to a more efficient and flexible distribution of risks and responsibilities among the key partners, and it also contributes to the achievement of national transport objectives significantly.

Keywords: transport infrastructure, public-private partnership, concessionary agreement, payment facilities, government


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