Opportunities and challenges of large investment projects in the new economy: the port of Ust-Luga

Autor: O. Nagaeva, G. Popodko
Rok vydání: 2015
Předmět:
History
Volkswirtschaftstheorie
Sociology and Political Science
Economics
Geography
Planning and Development
Raumplanung und Regionalforschung
lcsh:Regional economics. Space in economics
public authorities
Russia
öffentliche Hand
large-scale investment project
project
Kooperation
ddc:710
General Environmental Science
risk
Städtebau
Raumplanung
Landschaftsgestaltung
competitiveness
Investition
Area Development Planning
Regional Research
lcsh:International relations
Wirtschaft
Investment (macroeconomics)
Investment policy
Port (computer networking)
lcsh:HT388
public-private partnership
Ust-Luga
Economy
LARGE-SCALE INVESTMENT PROJECT
COMMERCIAL SEAPORT
UST-LUGA
RISKS
INVESTMENT
PUBLIC-PRIVATE PARTNERSHIP
PUBLIC PRIVATE PARTNERSHIP
investment policy
Russland
public private partnership
General Economics
Econometrics and Finance
lcsh:JZ2-6530
Cultural Studies
National Economy
willingness to cooperate
private sector
Kooperationsbereitschaft
cooperation
harbor
Wettbewerbsfähigkeit
National economy
large-scale investment project
commercial seaport
Ust-Luga
risks
investment
public-private partnership
public private partnership
Projekt
commercial seaport
ddc:330
Construction planning
Risiko
Finance
Landscaping and area planning
Investitionspolitik
business.industry
investment
Bauplanung
Private sector
Public–private partnership
privater Sektor
General Earth and Planetary Sciences
New economy
business
construction planning
risks
Social Sciences (miscellaneous)
Hafen
Zdroj: Baltic Region
Baltic Region, Vol 7, Iss 3, Pp 69-82 (2015)
Baltijskij Region, Vol 3, Pp 90-107 (2015)
Popis: The aim of this study is to search for a mechanism for implementing large investment projects of crucial economic importance in the modern economic conditions characterized by the sanction policy of foreign states, limited public investment, and a mass exodus of foreign investors. An example of a large-scale investment project is the construction of a multipurpose multimodal complex - the commercial seaport of Ust-Luga. This is one of the most recent large projects in seaport infrastructure development. This article estimates the project's significance for the development of the Baltic region and presents a competitive analysis of the seaport position in comparison to the largest European ports. The authors analyze the strengths of the seaport construction project, namely, the favorable natural environment and climate, advantageous geographical position, strong political will demonstrated by the federal and regional authorities. The article also considers the challenges the project faces - unfortunate geopolitical situation, growing competition from other seaports, and lack of investment. Based on the analysis of challenges, it is concluded that there are significant risks associated predominantly with lack of investment. In these conditions, a large investment project requires the enhancement of public-private partnership, which will ensure the timely implementation of such projects.
Databáze: OpenAIRE
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