Open AccessImproving the financing method of road construction on the basis of the life cycle contract
Author(s) -
V. I. Frolov,
S. V. Balzanay
Publication year - 2020
Publication title -
vestnik graždanskih inženerov
Language(s) - English
Resource type - Journals
ISSN - 1999-5571
DOI - 10.23968/1999-5571-2020-17-1-241-246
Subject(s) - finance , business , project commissioning , road construction , operations management , transport engineering , actuarial science , engineering , publishing , political science , law
The article considers the procedure for financing of the construction of regional roads on the basis of the life cycle contract. Under the existing procedure for financing road construction projects, the main burden at the stage of the implementation is experienced by the private partner, which can lead to the risk of non-fulfillment of obligations under the contract of the road project. To reduce the level of risk, it is proposed to use phased financing of the project by the state partner, especially before the commissioning of the facility.