Public-Private Partnership as the Core Form of the Implementation of Russia’s Transport and Transit Potential
The article discusses the theory and practice of the implementation and development of transport and transit potential (TTP) of Russia. This could be an effective way to replace the natural resource rent as the main source of income for the state and economic actors. For the modernization of natio...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Russian Academy of Sciences, Institute of Economics of the Ural Branch
2017-03-01
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| Series: | Экономика региона |
| Subjects: | |
| Online Access: | http://www.economyofregion.com/archive/2017/64/2896/pdf/ |
| Summary: | The article discusses the theory and practice of the implementation and development of transport and transit potential (TTP)
of Russia. This could be an effective way to replace the natural resource rent as the main source of income for the state and economic
actors. For the modernization of national economic system the key importance are innovative technologies in the development
of transport and transit potential through the organization of the production of goods and services with the highest added value
in Russia. We proposed and substantiated the hypothesis about the necessity of creation of a Federal company responsible for the
financing and implementation of Russia’s transport and transit potential development projects on the principles of public-private
partnership (PPP). The authors have revealed the economic, institutional and organizational prerequisites for the establishment
of such a public-private partnership company. We have provided the opinions of scientists and experts showing the urgent need
to create in one form or another a single operator to transport goods on the territory of Russia and the Eurasian economic Union.
To prove the hypothesis, we presented a description and analysis of the factors affecting the value of transit freight transport on
Euro-Asian routes. We paid the special attention to identify the reasons of the increasing competitive advantage of Maritime
transport in the world’s goods movement system. The authors based the main conclusion that, first of all, the created publicprivate
partnership company should be large due to tough competition of developing transit freight by land routes with the global
Maritime container services. Secondly, it needs a significant state participation since the management of the world’s cargo flows
requires the effort of foreign policy and geo-economic nature. We emphasized that this business entity would become an active
proponent and lobbyist of the most effective projects for the development of transport infrastructure of the country. The research
is based on the methods of system analysis, theory of structural and technological balance of economics, organization theory,
evolution and institutional theory and utilizes historical approach. The results of the study can be used for the development
of the state economic sectoral programmes of structural reforms; indicative plans of innovative development of rail, sea, road
infrastructure and transport machine building; as well as for the preparation and implementation of specific projects of financing
the development of transport and transit potential on a public-private partnership basis. |
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| ISSN: | 2072-6414 2411-1406 |