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National infrastructure priorities for 2024: defining them quickly, implementing them effectively
14 February 2019
14:00—15:45
KEY CONCLUSIONS
National projects determined priorities for the country’s development

Today’s version of the package plan for developing road and transport infrastructure <…> has gone through all iterative stages <…> Out of all possible <…> projects we have included the ones that matched <…> two criteria: the country’s economic growth and relevance for the people who live <…> in this country — Innokentiy Alafinov, First Deputy Minister of Transport of the Russian Federation.

National projects have the following advantage: they clearly state what areas will get be financed and what areas will not be — Andrey Travnikov, Governor of Novosibirsk Region.

’Smart city’ as a project to digitize municipal infrastructure is an evident radical efficiency boost for public transportation, lighting, safety and many other areas of urban life that are hard to manage without such transparency <…> Digitization helps save money. We make a special emphasis on concessions — Andrey Chibis, Acting Governor of Murmansk Region.

ISSUES
Imperfect regulation

To this day, regulation remains a problem for our market <…> We are looking for more attention and feedback from the government — Alexey Chichkanov, First Vice President, Gazprombank.

No continuity in economic decisions

Mainly, in regions <…> it happens like [this]: here comes a [new] team – and the projects are gone <…> We do not have any continuity at all — Alexey Chichkanov, First Vice President, Gazprombank.

Regional authorities and business are not ready to search for investment raising opportunities

Investors that risk their own money and start transition from public procurement to concessions – they are scarce — Alexey Chichkanov, First Vice President, Gazprombank.

A number of regions are no longer motivated to attract private investment to arrange concession agreements. Governors now use the following logic: we will use our lobbying resources, address the federal government and one more time ask for money for infrastructure projects that we will use our lobby to turn into national ones — Pavel Seleznev, Chairman, Public-Private Partnership Development Center; Chairman of the Board of Directors, Avtodor-Invest.

Regions frequently offer the following: give us this much federal money, and then we will find private funds. After all, we need preliminary studies; first of all, we need to talk to private partners and reach financial and legal agreements with them — Vladislav Onishchenko, Head, Analytical Center for the Government of the Russian Federation.

Insufficient opportunity for competition

The market is consolidated, and it creates a high entry barrier for international companies — Igor Koval, General Director, Russia and CIS, IC Ictas Insaat Sanayi Ve Ticaret A.S..

SOLUTIONS
Expanding the list of promising projects

The method for adding projects to the package plan for developing road and transport infrastructure is approved <…> There is a certain number of projects at the bottom of the list that under certain conditions may move towards the top <…> They are graded; the projects that may be put forward are determined — Innokentiy Alafinov, First Deputy Minister of Transport of the Russian Federation.

Large projects that are interesting for us and exceed 10 billion roubles amount to a one-digit number <…> We would like to see many projects of this kind — Oleg Pankratov, Head of Infrastructure Finance Department, VTB Capital.

Using public-private partnership to attract investors

Today the number of projects in the package plan exceeds the opportunity to be financed by the government only <…> We need to attract private funds [that] will help multiply the investment in infrastructure and complete more projects <…> And this is where we need more PPP tools — Mikhail Rasstrigin, Deputy Minister of Economic Development of the Russian Federation.

National projects are never in the way of PPP – they develop it instead — Alexander Misharin, First Vice President, Russian Railways.

It is not just the transport sector that PPP saturates. It is the social and the urban ones as well — Pavel Seleznev, Chairman, Public-Private Partnership Development Center; Chairman of the Board of Directors, Avtodor-Invest.

We perceive ourselves <…> as an industry player with enough competence to <…> develop this market [of infrastructure projects] — Oleg Pankratov, Head of Infrastructure Finance Department, VTB Capital.

We have a whole toolset that we are ready to use to make the life of commercial banks easier. <…> We are prepared to take on bigger risks than commercial banks <…> If you are short a bit, we are ready to add this money — Yuriy Korsun, Deputy Chairman, State Development Corporation "VEB.RF".

Improving PPP mechanism

We strive to avoid revolutions at the PPP market, to help its further development, to keep the tools flexible, because the projects are complicated. [Amendments to the legislation] are going through a public discussion; they are getting approved — Mikhail Rasstrigin, Deputy Minister of Economic Development of the Russian Federation.

We do not stop at the classical form of concessions; we come up with our own mechanisms. One of those solutions is a partnership with Rosatom Corporation. We raised 11 times more money to the city road fund than was annually allocated, which gave a significant impetus to economic growth. Now we have a city where 100% of roads comply with standards. When it comes to infrastructure, we invest all the released money into potential areas of economic growth — Alexander Brechalov, Head of the Udmurt Republic .

The material was prepared by the Russian news agency TASS