scholarly journals MODERN TYPES OF FINANCING LARGE INVESTMENT PROJECTS (NUCLEAR POWER PLANT CONSTRUCTION)

Author(s):  
А. M. Kryukov ◽  
L. T. Yanko ◽  
V. V. Kuhto

Large investment projects require raising high volumes of financial resources on the long term. There is a task now set to raise private capital into the power field more actively and to develop state-private partnership. The article analyses modern types of financing: ВОО (Build - Own - Operate) and ВООТ (Build - Own - Operate - Transfer) that allow to accumulate required financial resources, reduce investment risks and combine interests of different parts participating in a project.

Author(s):  
Anatolii Stepanenko ◽  
Alla Omelchenko

The essence and significance of public-private partnership (PPP) are disclosed, its forms and role as the key tool for solving important problems of balanced economic development are highlighted due to the involvement in the implementation of strategies of private operators. Defined forms of cooperation aimed at organizing interaction under the «business-government-community» scheme, the classification of PPP types is described, its forms and significance are analyzed in the system of providing of natural and technological and environmental safety on the basis of preventive safety. The promotion of the partnership mechanism in preserving and developing the ecological infrastructure is disclosed. The use of PPP as a mechanism for attracting investment projects to financial resources, redistributing risks and strengthening the responsibility of PPP parties for the implementation of investment projects is shown.


Author(s):  
Viktoriia Chobitok ◽  
Oleg Shevchenko ◽  
Oksana Lomonosova ◽  
Volodymyr Kochetkov ◽  
Valentyna Bykhovchenko

Within the study, the use of the public-private partnership mechanism in the management of investment processes in the context of digitalization was argued. The methodological basis of the study was a process approach, which allows to study multidirectional investment actions and the interdependent impact of the investment process, which determines the causal links of the development of investment entities at different levels in the collection of resources, in the conditions of the development of the digital economy. Endogenous sources include financial resources of internal and external origin. Exogenous investment resources include financial resources on loan, as well as budgetary allocations. Varieties of budget allocations include government procurement, concession, life cycle contract. Comparativecreativecharacterization of investment resource attraction models was carried out at the expense of budgetary allocations. In conclusion, they highlight the advantages of attracting investment resources at the expense of budgetary allocations, namely the public-private partnership model as a concession. Finally, it carriesout the comparative characteristic of the conditions of the implementation of investment projects in various models of attraction of investment resources at the expense of budgetary allocations.


Ekonomika ◽  
2014 ◽  
Vol 93 (1) ◽  
pp. 89-97
Author(s):  
Elena Balabenko

Abstract. The paper presents an analysis of construction operations, retarding tendencies, necessity to attract private capital to civil engineering, with an emphasis on the development of national cooperation and con-struction business in the realization of concrete social and economic and investment projects in Ukraine in the form of public–private partnership. The problems of the development of housing construction institutions are also presented within the framework of the public–private partnership and the preconditions for the topical character of the private capital attraction to this sphere. The necessity of developing the public–private partnership in housing construction has been justified. The development of the trend will help to unify the interests of power, business, financial institutions and private investors. Also, a special pattern of the public–private partnership taking into consideration the peculiarities of the contemporary house-building industry is proposed.Key words: housing construction, public–private partnership, investment, pattern


Author(s):  
M.I Zvieriakov ◽  
D.V Zavadska

Purpose. Substantiation of the formation of the mechanism of project financing for solving issues of financial maintenance of infrastructural projects of innovative development in Ukraine. Methodology. The information base of the research is legislative and normative documents and results of scientific achievements of leading foreign and domestic scientists. The following methods, such as analysis and synthesis; comparison and systematization; observation; graphic, tabular; logical generalization are used. Findings. According to the results of the research, it is proved that to ensure sustainable economic growth and diversification of Ukraines economy, the importance of institutions for development and use of such a multi-instrumental form of reproduction of real investments as project financing, becomes actual. Based on the system approach, the features, elemental composition and subsystems of the project financing mechanism are determined. It is established that the current legislative basis for the formation of the project financing mechanism in Ukraine is fragmentary and needs further development. It is proved that the implementation of measures of state stimulation of the processes of financing the innovative development of Ukraines economy will be facilitated by the adoption of the Laws of Ukraine On The Bank of Development, On Syndicated Loan and the proposals for the formation of project financing developed in the research. Originality. For the first time, a comprehensive theoretical approach to the formation of the project financing mechanism in Ukraine has been implemented. The need is substantiated for highlighting such subsystems of the mechanism as providing subsystem (institutional environment of which is legislative support and regulatory bodies), transforming subsystem (financial instruments and participants of which are the Bank of Development, international financial organizations, banks, institutional investors, development institutions, project sponsors) and performance subsystem (financial resources in the required amounts, currencies and terms). The effective operation of the proposed mechanism helps to overcome the shortage of long-term financial resources needed for lending support of innovative enterprises that implement large-scale and capital-intensive investment projects and programs of national importance. Practical value. Introduction of the mechanism of implementation of the program for supporting the project financing development will allow accumulating considerable amounts of financial resources from various sources on a long-term target basis; increasing the level of investment and the number of innovative projects; reducing the total cost of funding and risks through their redistribution among participants of the project.


2019 ◽  
Vol 2 (5) ◽  
pp. 249-256
Author(s):  
Arseniy Belozsertsev ◽  
Irina Provornaya

The linear model for «Yamal LNG» is estimated using DCF method. The hypothetical model without PPP mechanisms is also considered in the article. The linear estimation is not enough for a huge long-term project. Therefore, the risk analysis is carried out in the article. The positive effect on region development is shown in order to estimate social sides of the project realization. As a result, we get project’s NPV of $1,337 blns, which would be true with 49,3% likelihood. The denial of PPP mechanisms leads to $-7,1 blns NPV.


2013 ◽  
pp. 4-34 ◽  
Author(s):  
B. Zamaraev ◽  
A. Kiyutsevskaya ◽  
A. Nazarova ◽  
E. Sukhanov

This article considers factors and conditions slowing growth of the Russian economy. Its recovery growth after the crisis of 2008—2009 is over. The limit of rapid growth through the export of raw materials has now been reached. Reducing flows of financial resources from the rest of the world influence the Russian overall macro framework. Reduction of infrastructure investment projects and public investments led to a slowdown in the growth of domestic demand. New, lower long-term trends of economic growth are being formed in the Russian economy. This picture is radically different from the "fat" 2000s.


2021 ◽  
Vol 14 (4) ◽  
pp. 56-66
Author(s):  
N. S. Moguchev ◽  
A. F. Khuzina

In the current crisis economic conditions, the public-private partnership (PPP) mechanism can be used as one of the key ways to attract extra-budgetary sources of funds for the implementation of investment projects at the regional level. Despite the growing number of PPP projects in Russia, the presence of significant institutional constraints at the regional level hinder the further development of this mechanism. In particular, there is a lack of interconnection of PPP projects with long-term investment and state development programs at the regional level, low sectoral diversity of projects, high dependence of PPP projects on state financial institutions, and insufficient information support of regional PPP practices. The situation is aggravated by the lack of long-term money in the economy against the backdrop of limited private partners’ funds for the implementation of long-term PPP projects, as well as by existing legal restrictions. The practical purpose and scientific value of this article lie in the construction of a holistic and logical vision of solving the identified institutional problems of PPP development at the regional level.


Author(s):  
Rodrigo Machado Vilani

O presente artigo tem como objetivo discutir e produzir apontamentos sobre o uso das Unidades de Conservação, federais e estaduais, localizadas no Rio de Janeiro, como unidades territoriais de planejamento governamental, relevando o ecoturismo como alternativa ao padrão primário-exportador de desenvolvimento, pautado em grandes projetos de investimento. Esse padrão degrada os biomas brasileiros, fragmenta o território e acentua desigualdades sociais e regionais. Estudos sobre o ecoturismo têm o papel de contribuir para a consolidação de uma alternativa a esse padrão de desenvolvimento. Para tanto, metodologicamente, optou-se por uma pesquisa exploratória-descritiva e por uma abordagem interdisciplinar, integrando conhecimentos, conceitos e métodos aplicados ao recorte proposto, com ênfase nas contribuições das áreas do Turismo, das Ciências Ambientais e do Planejamento Regional. Foram tecidas considerações gerais e específicas quanto aos desafios e às possibilidades de consolidação do ecoturismo como a atividade central para se avançar em um padrão de desenvolvimento integrado, participativo e de longo prazo. Ecotourism: Nature Conservation as an Alternative to Large Investment Projects (LIPs) in Rio de Janeiro State, Brazil The objective of this paper is to discuss and produce notes on the use of federal and state Protect Areas located in Rio de Janeiro as territorial units for governmental planning, highlighting ecotourism as an alternative to the primary exporting pattern of development, based on large investment projects. This pattern degrades the Brazilian biomes, fragments the territory and accentuates social and regional inequalities. Studies on ecotourism have the role of contributing to the consolidation of an alternative to this pattern of development. For that, methodologically, an exploratory-descriptive research and a interdisciplinary approach were chosen, integrating knowledge, concepts and methods applied to the proposed cut, with emphasis on the contributions of the areas of Tourism, Environmental Sciences and Regional Planning. General and specific considerations regarding the challenges and possibilities for the consolidation of ecotourism as a central activity were developed to advance an integrated, participatory and long-term development pattern. KEYWORDS: Ecotourism; Development; Rio de Janeiro; Major Investment Projects; Conservation.


2019 ◽  
pp. 90-94
Author(s):  
A. A. Gorovoy ◽  
V. A. Sorokina

The presented study examines the crucial problem of our time — the need to develop an infrastructure mortgage mechanism that would maintain and reproduce infrastructure resources.Aim. The study aims to consider the possibility of using infrastructure bonds for public-private partnership projects.Tasks. The authors determine the features of infrastructure bonds, briefly analyze foreign experience of their use, and outline an infrastructure municipal loan.Methods. This study uses general scientific methods of cognition to consider the possibility of using infrastructure bonds for public-private partnership projects.Results. Infrastructure bonds issued for public-private and municipal-private partnership projects can serve as a financial tool for infrastructure development or as a mortgage payment. Infrastructure bonds should be long-term and targeted, issued for the corresponding infrastructure projects. A competent approach to the preparation and implementation of an infrastructure loan requires the issuer’s professional agents to formulate the optimal loan concept and then put this concept into practice based on the optimal issuance parameters determined according to loan marketing among potential investors.Conclusions. The issuance of infrastructure bonds will make it possible to meet the demand of  publicprivate partnerships for investment resources and sustainable investment projects. An infrastructure mortgage scheme should accommodate the interests of both the investor and infrastructure users.


2018 ◽  
Vol 4 (2) ◽  
pp. 129-140
Author(s):  
Tomasz Wołowiec

A condition for the effective acquisition of external financial resources coming from the funds of the European Union is the long-term planning and analysis of investment projects in the scope of proper selection of financing sources. According to art. 236 para. 4 of the Public Finance Act (hereinafter: ufp), in the property expenditure plan, the planned amounts of capital expenditure are distinguished in the system of departments and chapters.They include: investment expenditures and investment purchases, as well as programs financed with funds of referred to in art. 5 para. 1 point 2 and 3 ufp. In part related to the implementation of tasks of the local government unit; purchase and acquisition of shares and contributions to commercial law companies.


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