The problems of investment attraction in public-private partnership and municipal-private partnership projects in the industry

Naugolnova I.A.¹
¹ Самарский государственный экономический университет, Russia

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Journal paper

Journal of International Economic Affairs ^{(РИНЦ, ВАК)}
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Volume 9, Number 3 (July-September 2019)

Citation:

Indexed in Russian Science Citation Index: https://elibrary.ru/item.asp?id=41243691
Cited: 12 by 30.01.2024

Abstract:
The relevance of the study is due to the need to strengthen the Russian economy and the possibility of public-private and municipal-private partnerships (hereinafter - PPP and MPP) application to achieve this goal. Projects with the joint participation of public authorities and private investors have already been implemented and continue to operate, mainly in such areas as housing and utilities, road infrastructure, energy transmission, education, health care, culture, and sports. This tool can be applied in other projects, in particular in the industry, which has recently increasingly faced the problem of lack of funds. In this regard, the purpose of the study is to identify the key factors constraining investment in projects in the industry, which will further develop an action plan to resolve the existing issues. The study was carried out taking into account the provisions of the Federal law "On strategic planning in the Russian Federation", strategies and programs of socio-economic development, recommendations for the implementation of public-private partnership projects in the subjects of the Russian Federation. The leading methods of research are complex and system-morphological analysis, which allows to justify and systematize by sources of financing the factors affecting the attraction of investments in the industry. As a result, the scheme of movement of material and intangible flows in the process of initiation and implementation of PPP and MPP projects in the industry is presented, which allows to track the relationship between different sources of project financing. The author's vision of the goals of PPP and MPP implementation in the industry is offered and their comparison with the goals of infrastructure projects is carried out. The scientific novelty is the systematization of the factors hindering the attraction of investments in PPP and MPP projects by sources of financing. The results of the study can be used by public authorities in the development and adjustment of strategies and programs of targeted development, as well as for further research and development of applied measures to resolve the identified problems in relation to a specific project.

Keywords: public-private partnership, industry, municipal-private partnership, problems of investment attraction, sources of projects financing

JEL-classification: L32, L39, L30

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