1. Private Financing of PPP Projects in Russia: Opportunities and Risks.
- Author
-
Pastukhanov, A.E.
- Subjects
INSTITUTIONAL investments ,BONDS (Finance) ,MONEY supply ,INSTITUTIONAL investors ,BANK loans ,PROJECT finance ,FINANCE - Abstract
This article analyzes opportunities to use own funds, bank credits, and infrastructure and concession bonds to finance PPP projects in Russia. Its results indicate that private funding of PPP projects is currently hindered by Russia's systemic crisis, which is manifested in the absence of long-term money, the financial instability of private partners, and the insufficiency of the legislative framework. In addition, the government's ineffective regulation of the investment activity of institutional investors is obvious, and there are also insufficient mechanisms for attracting private investments suitable for implementation of PPP projects. In this connection, further development of Russian PPP requires systemic measures related to the following: first, developing legislation with respect to defining the means of raising private financing for various-sized PPP projects; and second, making economic decisions that increase the supply of long-term money in the economy. [ABSTRACT FROM AUTHOR]
- Published
- 2020
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