Specific Risks of Implementation of Infrastructural Megaprojects in Regions of Modern Russia

Inna Mitrofanova (), Elena Russkova () and Marina Buyanova ()
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Inna Mitrofanova: Volgograd State University
Elena Russkova: Volgograd State University
Marina Buyanova: Volgograd State University

A chapter in Russia and the European Union, 2017, pp 75-80 from Springer

Abstract: Abstract The long-term prospect of implementation of modern infrastructural projects increases their probabilistic character and provokes one or another risk: macroeconomic, political, geographical, engineering, technical, financial, commercial, organizational and legal, tariff, taxation, and others. Using the example of current Russian megaprojects such as, for instance, “Ural Industrial—Ural Polar” or construction of the Olympic objects in Sochi, it was shown that these risks became the reason for the rebranding of the megaproject or they led to a considerable increase of the fact costs in comparison with the planned ones. The authors are convinced that the display of possible corruption risks at the pre-project stage, taking into account of reputation risks and the elimination of risks of low competence, are an important task implying the reduction of the uncertainty of the final effect from the realization of the territorial integrated megaproject.

Keywords: Large-scale infrastructure project; Territory; Development; Integrated character; Life cycle; Uncertainty; Risk; Competence; Corruption; Ural Federal District; Southern Federal District; Regional policy; National strategy (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:spr:conchp:978-3-319-55257-6_11

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DOI: 10.1007/978-3-319-55257-6_11

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