Regional bonds (sub-federal and municipal securities) are an effective mechanism for establishing budgets and financing infrastructure and concessional projects. They promote rapid development and improve peoples quality of life. Employing this financial instrument allows regions not only to get the investment they need, but also to attract savings from the local population, giving citizens the chance to play a direct role in their own regions development. This gives citizens greater ownership of projects that aim to improve quality of life for them and their children. The goals set by the countrys leaders to stimulate investment in infrastructure, education, healthcare, ecology, new technologies, and science provide a powerful stimulus for the development of this financial instrument, as do the performance indicators in place for the activities carried out by the authorities in Russias regions. What measures must be taken to increase the attractiveness of this financial instrument? How can we reduce the cost of borrowing for federal and municipal entities? How should we change legislative requirements to make this instrument more effective? How might the procedure for issuing sub-federal and municipal bonds be simplified? Which regions are successfully using this instrument and why do they consider it promising?
In this report the investment company InfraONE aggregates publicly available statistics on the quantity and quality of transportation, energy, social, housing and utilities, and telecommunications infrastructure and converts these data into an integrated index which reflects the state of these facilities and the level of their development in various regions of Russia.
This report by InfraONE Research reveals the sources of funding infrastructure projects in Russia, reviews recent regulation changes for concessions and PPPs, and touches upon current trends in infrastructure projects in Japan and China.
The Arctic and Antarctic Expert Advisory Board at the Federation Council of the Russian Federation prepares an annual report On the State and Problems of the Legal Framework for the Development Strategy of the Arctic Zone of the Russian Federation and National Security up to 2020. On the State and Problems of the Legal Framework for Russian Scientific Activities in the Antarctic.