Nikita P. KULICHENKOVMoscow State Institute of International Relations (University) of Ministry of Foreign Affairs of the Russian Federation (MGIMO University), Moscow, Russian Federation firstname.lastname@example.org 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
Makhnutina A.A., Rachek S.V. [The impact of private investment in PPP projects on Russia's GDP]. Internauka, 2020, no. 20 (149), part 3, pp. 38–41. (In Russ.) URL: Link
Makovšek D. The Role of Private Investment in Transport Infrastructure. Working Group Paper, International Transport Forum, Paris, 2019, 43 p. URL: Link
Engel E., Fischer R.D., Galetovic A. When and How to Use Public-Private Partnerships in Infrastructure: Lessons from the International Experience. NBER Working Paper, 2020, no. 26766, 36 p. URL: Link
Kuz’mina L.V. [The PPP mechanisms in the transport sector: Economic effects and key challenges]. Ekonomicheskii vestnik IPU RAN = Economic Bulletin of ICS RAS, 2021, vol. 2, no. 2, pp. 26–33. (In Russ.) URL: Link
Kolesnikov Yu.A., Pavlyuk A.V., Radachinsky Yu.N., Rodionova N.D. Problems of Implementation of Public-Private Partnership in Russia. European Research Studies Journal, 2018, vol. 21, special iss. 1, pp. 187–197. URL: Link
Shubina V.I. [Classification of risks of opportunism in the implementation of public-private partnership projects]. Fundamental’nye issledovaniya = Fundamental Research, 2021, no. 2, pp. 84–90. (In Russ.) URL: Link
Krasnopeeva N.A., Morozkina A.K. [Contingent liabilities of public-private partnerships (PPPs) in Russia and BRICS countries: Assessment and risk mitigation mechanisms]. Vestnik mezhdunarodnykh organizatsii: obrazovanie, nauka, novaya ekonomika = International Organisations Research Journal, 2021, vol. 16, no. 4, pp. 146–170. (In Russ.) URL: Link
Chernov A.V. [Project finance in Russia: The status, international practices, and public-private partnership]. Finansy i kredit = Finance and Credit, 2020, vol. 26, iss. 3, pp. 630–643. (In Russ.) URL: Link
Kumar B.R. Project Finance: Structuring, Valuation and Risk Management for Major Projects. Cham, Springer Nature Switzerland AG, 2022, 332 p.
Yescombe E.R. Principles of Project Finance (2nd Ed.). Academic Press, 2013, 560 p.
Daneikin Yu.V., Tumin V.M., Ivanova O.P., Kostromin P.A., Tumin V.V. [About project financing of organizations and territories]. Innovatsii i investitsii = Innovation and Investment, 2022, no. 1, pp. 71–78. URL: Link (In Russ.)
Weber B., Staub-Bisang M., Alfen H.W. Infrastructure as an Asset Class: Investment Strategy, Sustainability, Project Finance and PPP (2nd Ed.). Chichester, Wiley, 2016, 424 p.
Belyakova M.Yu., Yur'eva T.V. Proektnye tekhnologii upravleniya: monografiya [Project management technologies: a monograph]. Moscow, Mezhdunarodnyi izdatel'skii tsentr Gorod XXI vek Publ., 2020, 152 p.
Delmon J. Public-Private Partnership Projects in Infrastructure: An Essential Guide for Policy Makers (2nd Ed.). Cambridge, Cambridge University Press, 2017, 255 p.
Smirnova V.V., Pravkin S.A. [Public-private partnership as a factor in the development of transport infrastructure]. Yuridicheskii byulleten', 2022, vol. 7, no. 1, pp. 64–71. (In Russ.) URL: Link
Kruzhkova I.I. [Special problems of the mechanism for implementing public-private partnership projects in Russia]. Servis v Rossii i za rubezhom = Service in Russia and Abroad, 2022, vol. 16, no. 3, pp. 146–153. (In Russ.) URL: Link
Medzhidov Z.U. [Forms of public-private partnership in Russia: A comparative study]. Vestnik Instituta ekonomiki Rossiiskoi akademii nauk = Bulletin of Institute of Economics of the Russian Academy of Sciences, 2022, no. 3, pp. 73–95. URL: Link (In Russ.)
Adamaitis S.A. [The potential of Russian regions for the development of transport infrastructure on the public-private partnership principles]. Geograficheskii vestnik = Geographical Bulletin, 2022, no. 1 (60), pp. 73–86. (In Russ.) URL: Link
Zhuravleva N.A., Kliestik T. [Transport infrastructure development financing problems and main investment trends in 2020]. Transportnye sistemy i tekhnologii = Transportation Systems and Technology, 2020, vol. 6, no. 1, pp. 129–145. (In Russ.) URL: Link