Benefits of Public-and-private Partnership for the Creation of the Infrastructure of the Urbanized Territories in Russia. (2016)

• Record Type: Journal Article
• Authors: Polyakova, Irina; Vasilyeva, Elena
• Is Part Of: Procedia engineering. Volume 165(2016)
• Page Start: 1380
• Page End: 1387
• Publication Date: 2016
• Subjects: urbanized territories -- city infrastructure -- infrastructure projects -- infrastructure facilities -- public-and-private partnership -- project risks; Engineering -- Congresses; Engineering -- Periodicals; Engineering; Conference proceedings; Periodicals; 620.005
• DOI: 10.1016/j.proeng.2016.11.868
• Languages: English
• ISSNs: 1877-7058

Abstract

Abstract: The implementation of infrastructure projects is the task which any state is not allowed to refuse, no matter what is the current condition of its economy. Insufficiently developed infrastructure reduces investment appeal of the urbanized territory, the region and the country as whole, it also reduces their competitiveness in the international markets. Undeveloped infrastructure is also the reason of low-quality life of the population, the high illness rate and death rate. However all the infrastructure projects are so expensive, and the matters of their financing will be the sharpest. In the article the comparative benefits of the mechanism of public-and-private partnership and those of the system of the state order as the alternative options of financing of infrastructure projects in Russia are considered.