PROSPECTS FOR FINANCING ROAD TRANSPORT INFRASTRUCTURE PROJECTS

Sustainable development of the state takes on special significance in conditions of instable global market, increased budget spending and sluggish economic growth. Providing financial resources in order to reach the most important social and economic goals and to implement road transport infrastructure projects is of highest priority for economic recovery of the Russian Federation. The issues of financial support of infrastructure projects as well as interaction between government and business in creating effective financial mechanisms and ways of cooperation are highly relevant while fulfilling the government tasks. The paper considers the road transport facilities, namely, the need to develop a network of highways as a key factor affecting the economic performance of entities and the state as a whole. The existing shortage of funds is considered as a problem that deters the sustainable economic development of the state and implementation of road transport infrastructure projects. The article reflects the author’s view on such issues as development of the road facilities in the Russian Federation; public-private partnership as a promising form in developing interaction between the state and business in implementation of infrastructure projects. The article suggests recommendations on how to attract alternative sources of financing for road transport infrastructure projects and create favorable investment environment in the Russian Federation.

economic growth, road network, road transport infrastructure, national infrastructure fund, capital amnesty, financial institute, complex development of territories, regional policy, public-private partnership

1. Chub A.A. Regiony Rossii: faktory ustojchivosti i institucional’nye predposylki razvitija v uslovijah globalizacii [Regions of Russia: factors of stability and institutional prerequisites of development in the conditions of globalization]. Moscow, INFRA-M, RIOR, 2015, 232 p. (in Russian).

2. Mehanizm koncessii i drugie instrumenty gosudarstvenno-chastnogo partnjorstva pri sozdanii i razvitii infrastruktury osobyh jekonomicheskih zon [The mechanism of concession and other tools of publicprivate partnership aimed at creation and development of special economic zones infrastructure]. Moscow, Finansovyj universitet — Financial University, 2012, 148 p. (in Russian).

3. Shemjatenkov V. G. Evropejskaja integracija [European integration]. Mezhdunar. Otnoshenija — International relations, 2003, 400 p. (in Russian).

4. Delmon D. Gosudarstvenno-chastnoe partnjorstvo v infrastrukture: prakticheskoe rukovodstvo dlja organov gosudarstvennoj vlasti [Public-private partnership in building infrastructure: practical guide for public authorities]. Moscow, GEO-TJeK- GEO-TEK, 2010, 158 p. (in Russian).

5. Shed’ko Ju.N. , Pogrebnjak R.G., Pozhidaeva E.S. Regional’noe upravlenie i territorial’noe planirovanie: uchebnik i praktikum dlja akademicheskogo bakalavriata / pod red. Ju.N. Shed’ko [Regional government and territorial planning: the manual for BS studies]. Moscow, Izdatel’tsvo Jurajt — Publishing house Yurayt, 2015, 503 p. (in Russian).

6. Astahov I. G. Vazhnoe svjazujushhee zveno [Important link]. Transportnaja strategija XXI vek — Transport strategy in the 21st century, 2015, no. 29 (in Russian).

7. Eganjan A. Investicii v infrastrukturu: Den’gi, proekty, interesy, PPP, koncessii, proektnoe finansirovanie [Investments into infrastructure: Money, projects, interest rates, PPP, concessions, project financing]. Moscow, Al’pina Pablisher — Alpina Publisher, 2015, 715 p. (in Russian).

8. Molochnyh S. Nuzhen li rossijskomu rynku zakon ob infrastrukturnyh obligacijah [Whether the Russian market needs the law on infrastructure bonds]. Cbonds Review. 2013, аvgust, p. 55 (in Russian). URL: http://review.cbonds.info/article/magazines/3311.

9. Jeskomb Je. R. Gosudarstvenno-chastnoe partnjorstvo. Osnovnye principy finansirovanija [Publicprivate partnership. Basic principles of financing]. Moscow, Al’pina Pablisher — Alpina Publisher, 2015, 457 p. (in Russian).

10. Kabashkin V.A., Levchenko A.A., Sidorov V.A. Razvitie gosudarstvenno-chastnogo partnjorstva v regionah Rossijskoj Federacii [Development of public-private partnership in regions of the Russian Federation]. Moscow, Ipc Politerra — Epc Politerra, 2008, 466 p. (in Russian).