Published in «Journal of International Economic Affairs»3 / 2019
DOI: 10.18334/eo.9.3.41050

The problems of investment attraction in public-private partnership and municipal-private partnership projects in the industry

Naugolnova Irina Aleksandrovna, Samara State University of Economics, Russia

Проблемы привлечения инвестиций в проекты ГЧП и МЧП в промышленности - View in Russian

 Download PDF | Downoads: 24

The relevance of the study is due to the need to strengthen the Russian economy and the possibility of public-private and municipal-private partnerships (hereinafter - PPP and MPP) application to achieve this goal.
Projects with the joint participation of public authorities and private investors have already been implemented and continue to operate, mainly in such areas as housing and utilities, road infrastructure, energy transmission, education, health care, culture, and sports.
This tool can be applied in other projects, in particular in the industry, which has recently increasingly faced the problem of lack of funds.
In this regard, the purpose of the study is to identify the key factors constraining investment in projects in the industry, which will further develop an action plan to resolve the existing issues.
The study was carried out taking into account the provisions of the Federal law “On strategic planning in the Russian Federation“, strategies and programs of socio-economic development, recommendations for the implementation of public-private partnership projects in the subjects of the Russian Federation. The leading methods of research are complex and system-morphological analysis, which allows to justify and systematize by sources of financing the factors affecting the attraction of investments in the industry.
As a result, the scheme of movement of material and intangible flows in the process of initiation and implementation of PPP and MPP projects in the industry is presented, which allows to track the relationship between different sources of project financing. The author's vision of the goals of PPP and MPP implementation in the industry is offered and their comparison with the goals of infrastructure projects is carried out. The scientific novelty is the systematization of the factors hindering the attraction of investments in PPP and MPP projects by sources of financing.
The results of the study can be used by public authorities in the development and adjustment of strategies and programs of targeted development, as well as for further research and development of applied measures to resolve the identified problems in relation to a specific project.


industry, municipal-private partnership, problems of investment attraction, public-private partnership, sources of projects financing

JEL-Classification: L30, L32, L39

Naugolnova I.A. (2019). The problems of investment attraction in public-private partnership and municipal-private partnership projects in the industry [Problemy privlecheniya investitsiy v proekty GChP i MChP v promyshlennosti]. Journal of International Economic Affairs, 9(3). (in Russian). – doi: 10.18334/eo.9.3.41050.

References (transliterated):
(2018). Financial risk assessment and modelling of PPP based Indian highway infrastructure projects Transport Policy. 62 2-11.
(2019). Bank Rossii. Obzor riskov finansovyh rynkov [The Bank schf Russia. Overview of financial markets risks]. Informatsionno-analiticheskie materialy. (5(33)). 16. (in Russian).
Drobot E.V., Makarov I.N., Nekrasova E.A., Kadilnikova L.V. (2019). Sistemy interesov i protivorechiy uchastnikov gosudarstvenno-chastnogo partnerstva [System of interests and conflicts of state-private partnership participants]. Journal of International Economic Affairs. 9 (3). (in Russian). doi: 10.18334/eo.9.3.40925.
Geddes R.R., Reeves E. (2017). The favourability of U.S. PPP enabling legislation and private investment in transportation infrastructure Utilities Policy. 48 (10). 157-165.
Gracheva M.L. (2015). Metodika otsenki investitsionnoy privlekatelnosti innovatsionnyh proektov, realizuemyh v ramkakh gosudarstvenno-chastnogo partnyorstva [The Method for Evaluation of Investment Attractiveness of Innovative Projects Under Public-Private Partnership]. Creative economy. 9 (3). 355-364. (in Russian). doi: 10.18334/ce.9.3.172.
Krupnova T.G., Dudina K.G. (2015). Vozmozhnosti primeneniya gosudarstvenno-chastnogo partnerstva dlya resheniya problem obrascheniya s otkhodami na regionalnom urovne [The Opportunities for Using Public-Private Partnership for Solving Waste Treatment Problems at the Regional Level]. Journal of Public-Private Partnership. 2 (1). 15-28. (in Russian). doi: 10.18334/ppp.2.1.200.
Krupnova T.G., Ryazanova K.G. (2015). Vozmozhnosti primeneniya gosudarstvenno-chastnogo partnerstva pri realizatsii ekologicheskikh proektov na regionalnom urovne [The possibility of using public-private partnership in the implementation of environmental projects at the regional level]. Russian Journal of Entrepreneurship. 16 (8). 1145-1152. (in Russian). doi: 10.18334/rp.16.8.186.
Lin Zh., Xuejie S., Hong X. (2019). Identifying critical risks in Sponge City PPP projects using DEMATEL method: A case study of China Journal of Cleaner Production. 226 (20). 949-958.
Moiseeva I.V, Kochetkova S.A. (2015). Sposoby finansirovaniya GChP-proektov: zarubezhnyy opyt i vozmozhnosti ego ispolzovaniya v Rossii [Methods of financing PPP projects: foreign experience and possibilities of its use in Russia]. International Journal of Applied and Fundamental Research. (12-7). 1281-1286. (in Russian).
Morano P., Tajani F. (2018). Saving soil and financial feasibility. A model to support public-private partnerships in the regeneration of abandoned areas Land Use Policy. 73 40-48.
Naugolnova I.A. (2019). Problemy nesootvetstviya fakticheskikh zatrat na realizatsiyu proektov GChP i MChP planiruemym [The problem of discrepancy between actual costs for the implementation of projects of PPP and MPP planned] Russian science: current research and development. 210-215. (in Russian).
Rasulov A.V. (2018). Mezhdunarodnyy opyt finansirovaniya transportnoy infrastruktury na primere Soedinennyh Shtatov Ameriki [International experience of financing transport infrastructure on the example of the United States of America]. Transportnoe pravo i bezopasnost. (1(25)). 96-106. (in Russian).
Shekhovtsov N.N., Klimovets O.V. (2015). Osnovnye napravleniya razvitiya gosudarstvenno-chastnogo partnerstva pri realizatsii strategicheskikh interesov gosudarstva v usloviyakh globaliziruyuscheysya ekonomiki [The main directions of development of public-private partnership in implementation of strategic interests of the state in the globalized economy]. Creative economy. 9 (6). 711-720. (in Russian). doi: 10.18334/ce.9.6.326.
The National Council for public-private Retrieved August 09, 2019, from
Tong Y., Ruyin L., Wenbo L. (2018). Suggestion on tax policy for promoting the PPP projects of charging infrastructure in China Journal of Cleaner Production. 174 (10). 133.
Ofitsialnyy sayt natsionalnogo tsentra gosudarstvenno-chastnogo partnerstva. (in Russian). Retrieved from
Reyting stran po proizvoditelnosti trudaElektronnyy zhurnal Trading economics». Retrieved August 10, 2019, from
Reyting stran po urovnyu sredney zarabotnoy platyElektronnyy zhurnal Trading economics». (in Russian). Retrieved August 10, 2019, from
Rekomendatsii po realizatsii proektov gosudarstvenno-chastnogo partnerstva v subyektakh Rossiyskoy FederatsiiNatsionalnyy tsentr gosudarstvenno-chastnogo partnerstva. (in Russian). Retrieved July 06, 2019, from
Stranovaya premiya za riskInvestitsionnaya kompaniya «VITUS». Retrieved July 08, 2019, from
Federalnyy zakon «O gosudarstvenno-chastnom partnerstve, munitsipalno-chastnom partnerstve v Rossiyskoy Federatsii i vnesenii izmeneniy v otdelnye zakonodatelnye akty Rossiyskoy Federatsii» ot 13.07.2015 N 224-FZ (poslednyaya redaktsiya)Konsultant Plyus. (in Russian). Retrieved July 06, 2019, from
Federalnyy zakon RF «O promyshlennoy politike v Rossiyskoy Federatsii» ot 31.12.2014 № 488-FZKonsultant Plyus. (in Russian). Retrieved July 06, 2019, from
Federalnyy zakon ot 28 iyunya 2014 g. N 172-FZ «O strategicheskom planirovanii v Rossiyskoy Federatsii» (poslednyaya redaktsiya)Konsultant Plyus. (in Russian). Retrieved July 06, 2019, from