non-financial development institution
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Maksim Tkachenko

Maksim Tkachenko

Executive Director, Public–Private Partnership Development Center (PPP Development Center)
Quotes
04.09.2019
EEF 2019
Private Investment in the Social Sphere: New Support Mechanisms
For each private rouble in PPP projects in the Far East, there are 50 kopecks of direct budget subsidies, i.e. there is co-financing of the launch costs. This is much higher number than the average for Russia. Every second project in the Far East is a project with the so-called availability fee, with payments guaranteed by the budget. And there are many more of them than on average in Russia. <...> The project initially, had it been 100% commercial, would have never paid back even the investment costs, let alone the interest for the investor