ESSENCE AND TYPES OF RISKS OF INVESTMENT PROJECTS FROM CONSTRUCTION OF AUTOMOTIVE ROADS

Abstract

The essence of the risk of investment projects of the construction of automobile works is determined. The main features of investment projects for the construction of highways are generalized, in particular: project product, a large number of investors, risks of sources of funding, a high level of government regulation, a significant dependence of the project on the time of work and weather conditions, strategic restrictions. The flaws of public-private partnership in road maintenance infrastructure projects, which are related to risks, such as market and financial, political and social, are substantiated. The main types of risks of investment projects of construction of highways and measures to reduce their influence are determined: insurance objects, permanent monitoring of expected changes in legislation, financial responsibility of the project organization for making errors and miscalculations in the project-budget documentation, customer control of the schedule for the construction work, funding according to the schedule of work and monthly plan allocations. The most influential risks for investment projects of road construction under the condition of public-private partnership are: the risk of unreliability of project participants, the risk of not receiving the project revenue, the country's risk. The potential corruption risks in the field of procurement of works and services for construction, repair and maintenance of highways are determined. Are offered directions of leveling of factors of corruption risks in sphere of realization of investment projects of road economy. The ways to reduce risks and increase the attractiveness of road construction projects based on the principles of public-private partnership are substantiated: identification of priority projects for the priority attraction of private investments; simplification of procedures for registration of rights to use land plots for construction of roads; development of a mechanism for funding PPP projects and guaranteeing a minimum income to a private partner from the state; solving discussion issues and approving the principles of functioning of toll roads.