Abstract
The article describes specific features of project financing in the Russian Federation. It is stated that in Russia in recent years new investment projects have been launched, which are expected to be implemented using the project financing method, which indicates a favorable investment climate and the state's readiness to develop and improve this mechanism. Most of the projects are related to the industrial sector; in this regard, the analysis of projects and a synthesis of experience in the application of project financing have been conducted. Projects that were not always successful were analyzed, as well as an example of a project implemented with the assumption of design errors, in which the basic principles of project financing were not applied, but the result of its functioning turned out to be positive. According to the results of the analysis, the author grouped the general trends of project implementation, formulated the conditions that confirm the use of project financing, and identified key errors in the implementation of large-scale investment projects involving industrial enterprises. Priority sectors of the economy are defined, in which large-scale investment projects are most often developed and implemented (oil and gas extraction, processing and transportation). A review of Russian experience of project financing made it possible to understand the level of prevalence of this method and the effectiveness of its use, as well as to identify the main factors constraining and stimulating the use of project financing by industrial enterprises. Taking into account these factors will contribute to the formation of new directions and the development of methods for stimulating project financing for their successful use in the implementation of large-scale investment projects.
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