Scholarly record
FINANCING INFRASTRUCTURE IN RUSSIA BY RAISING FUNDS FROM PRIVATE PENSION FUNDS
Abstract
In recent years, the development of infrastructure in the Russian Federation has become relevant. This will increase the level of economic development of the country. However, infrastructure projects require significant investments and often have a long payback period. The state is not able to fully finance infrastructure projects at the expense of budget funds, which increases the relevance of the use of new sources of funds. The purpose of the study: to determine the potential for financing infrastructure projects in the Russian Federation through investments of private pension funds. As the main research method, the article used the trend analysis method to assess the financial potential of pension savings of private pension funds to finance infrastructure projects in the country. As part of the work, the role of infrastructure projects for the development of the Russian economy was highlighted, the features of financing infrastructure projects using the mechanism for issuing targeted government bonds were investigated, the financial potential of private pension funds for financing Russian infrastructure projects was determined.
Publication Impact Profile
Publication details
References11
Khmel V., Zhao S., Arrangement of financing for highway infrastructure projects under the conditions of Public – Private Partnership, IATSS Research, vol. 39, issue 2, pp138-145, 2016.
Lu zZ, Peña-Mora F., Wang X.R., Shen C.Q., Riaz Z., Social Impact Project Finance: An Innovative and Sustainable Infrastructure Financing Framework, Procedia Engineering, vol. 123, pp 300-307, 2015.
Freidina I.A., International experience in financing infrastructure projects, Economic Policy, vol. 4, pp 196-203, 2017.
Sazykina S.A., Infrastructure bonds: foreign experience and application risks in Russia, Scientific Result. Economic research, vol. 1, pp 94-98, 2018.
The Global Competitiveness Report 2018. Available at: http://www3.weforum.org/docs/GCR2018/05FullReport/TheGlobalCompetitivenessReport2018.pdf [Accessed 20/09/2019]
Article: The government was offered a plan for the construction of infrastructure for 7 trillion rubles. Available at: https://www.rbc.ru/economics/20/08/2018/5b76d9759a7947236cf787c2 [Accessed 22/09/2019]
Information message on the results of the placement of funds of the National Welfare Fund. Available at: https://www.minfin.ru/ru/document/?id_4=126458 [Accessed 25/09/2019]
Federal'nyy zakon " Ob investirovanii sredstv dlya finansirovaniya nakopitel'noy pensii v Rossiyskoy Federatsii" ot 24.07.2002 N 111-FZ [Federal Law " On investing funds to finance funded pension in the Russian Federation" dated 24.07.2002 N 111-FL].
Overview of key indicators of private pension funds in the III quarter of 2018. Available at: https://www.cbr.ru/Content/Document/File/69744/rewiew_npf_18Q3.pdf [Accessed 23/09/2019]
Overview of key private pension funds indicators for 2017. Available at: https://www.cbr.ru/StaticHtml/File/51274/review_npf_17.pdf [Accessed 23/09/2019]
Overview of key indicators of private pension funds for 2016. Available at: https://www.cbr.ru/StaticHtml/File/51274/review_npf_16Q4.pdf [Accessed 23/09/2019]
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.
