Infrastructure investment experts discussed new practices and development principles implementation

There was openly discussed the high-quality infrastructure investments principles adaptation and implementation in Moscow, at VEB.RF site. The event, organized together with the public-private partnership National Center, while being supported by the Russian Federation Ministry of Finance, brought together infrastructure market experts, investors, representatives of financing and expert organizations, consulting and construction companies, infrastructure operators and government authorities as well.

The Investment Committee’s experts, namely Maxim Sharipov, Deputy Chairman and Maxim Sen, Project Analysis and Investment Policy Development Department Head, became the discussion participants from St. Petersburg.

 

The main meeting topic was the best foreign infrastructure development practices introduction, being the group’s agenda on G20 (Group of Twenty) infrastructure. There were made the proposals on the infrastructure projects assessment criteria for compliance with the Quality Infrastructure Investment principles, formed by VEB.RF and Public-Private Partnership National Center.

The focus was on the public-private partnerships introduction issue as the extrabudgetary funds raising mechanism to infrastructure development. The Russian infrastructure need in investments until 2024 is over 25 trillion rubles, according to «ROSINFRA» data. It’s worth mentioning that there is a lack of high-quality and well-developed projects on the market, attractive for investors.

«Currently we are actively interested in public-private partnerships, primarily in infrastructure», Igor Shuvalov, VEB.RF head said. «This is a global trend, we are striving to use for sustainable economic growth. We are going to create a single infrastructure development center in Russian Federation».

Besides the event participants discussed Russian implementation practices of infrastructure projects, project preparation, legislative changes and criteria for Public-Private Partnership projects assessment quality.