Home  Journals  Regional Economics: Theory and Practice  21(348) - 2014 June

The Sakhalin region's transport infrastructure and foreign investment: the current situation and prospects

Available online: 12 June 2014

Subject Heading: INNOVATION AND INVESTMENT

JEL Classification: 

Pages: 38-45

The article says that foreign investment in the Russian economy is non-uniform by purpose and quality. The major part of it comes to exploit the regions' natural resources and divide, directly or not, the received product. The Sakhalin region is of no exception to this effect. The foreign investment in oil and gas field development is quite explainable by the need to receive energy carriers for the national economies and corporations. Investment in transport infrastructure, what is top actual to the Sakhalin business development and integration with other regions, does not meet yet foreign investors' active support due to the negative experience of corporate investment in the region's ports, hotel business and low standard of project profitability. The public-private partnership (PPP) is one of the tools to secure and support foreign investment. The region should welcome the investors who have had positive experience under the terms of PPP. The Korean investment is a good option in this context.

Keywords: foreign investment, gross regional product, transport infrastructure, tunnels, railroad, ports, agreement on production section, public-private partnership, rating, management elasticity coefficient, project financing

References:

1. Delovaia Koreia. Ekonomika i sviazi s Rossiei v 2007–2009 gg. [Business Korea. The economy and contacts with Russia in 2007–2009]. Moscow, Polpred Publ., 116 p.
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3. Kazakov A. Mekhanizm GChP v portovom sektore Iuzhnoi Korei [The PPP mechanism in the port sector of South Korea]. Morskie porty – Seaports, 2010, no. 10, pp. 34–38.
4. Kochemasova A.V. Priamye inostrannye investitsii kak faktor innovatsionnogo rosta rossiiskoi ekonomiki: prioritety i novye vozmozhnosti [Direct foreign investment as a factor of innovation growth of the Russian economy: priorities and new opportunities]. Ekonomicheskii analiz: teoriia i praktika – Economic analysis: theory and practice, 2013, no. 21, pp. 19–31.

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