Title: Infrastructure investment projects: financing and management mechanisms

Authors: Tatiana Yurieva; Liudmila Voropaeva; Maria Beliakova; Natalia Adamchuk

Addresses: Russian Presidential Academy of National Economy and Public Administration (RANEPA), Vernadsky Avenue, 82, 119571, Moscow, Russia ' Russian Presidential Academy of National Economy and Public Administration (RANEPA), Vernadsky Avenue, 82, 119571, Moscow, Russia ' Russian Presidential Academy of National Economy and Public Administration (RANEPA), Vernadsky Avenue, 82, 119571, Moscow, Russia ' Risk Management and Insurance Department, Moscow State Institute of International Relations (MGIMO University), Vernadsky Avenue, 76, 119454, Moscow, Russia

Abstract: The article analyses the modern market for project finance, its sectorial structure, and main development trends. In this study, the project financing method is used, which is the most effective when applied to infrastructure investment projects under the principles of public-private partnership. The use of this method permitted the breakdown of project development in two tiers, national and commercial. Results from the project financing method can be used not only to decide on the feasibility and conditions of project implementation, but also to justify management decisions at the stage of its implementation, so that the achievements are consistent with the planned goals. The concept of managing regional economic competitiveness was developed and is built around the use of PPP. The practical significance of the study is that its main provisions allow for an effective regional socio-economic policy, based on the systemic development of regional infrastructure and aimed at boosting competitiveness.

Keywords: infrastructural project; investment project; management solutions; management mechanisms; project finance; public-private partnership project.

DOI: 10.1504/IJBIS.2022.127572

International Journal of Business Information Systems, 2022 Vol.41 No.4, pp.453 - 471

Received: 19 Dec 2019
Accepted: 31 Jan 2020
Published online: 09 Dec 2022 *

Full-text access for editors Full-text access for subscribers Purchase this article Comment on this article