Assessment of major Arctic development projects: new challenges — new responses

Abstract

In recent years, several fundamental decisions were made in relation to the implementation of major transport infrastructure projects for the development of the Arctic. To ensure their justification and successful implementation, it is necessary to use adequate tools of project analysis. The paper addresses the development of methods for assessing the financial and economic efficiency of Arctic development projects and quantifying the results of interaction between project participants, including spatial interaction. The developed model allows us to quantify the redistribution of results between project participants due to the mechanisms of various government support instruments and methods of private financing. The proposed methods were tested for the Yamal LNG project.