Methodological approaches to the development of industrial infrastructure projects

Abstract

The article discusses methodological approaches to the implementation of industrial investment projects. To date, the recovery of the economy as a whole is perceived as an increase in gross domestic product (GDP). Industrial projects play a huge role in the country's investment policy. Industrial production is a key link in the economies of countries and is the second largest source of global GDP after the services sector. Modern industry is a key component of the economy of any country, and Russia is no exception. The structure and quality of the products produced by industry plays an important role for the economic climate of the state, thereby determining the economic power and independence of the country. In modern conditions, the problem of the development of domestic industrial production is becoming more and more urgent. The Russian industry needs to modernize and strengthen its positions both in the domestic and foreign markets. However, the problem of the revival and development of industrial production is primarily related to the need to attract large investments in long-term high-risk industrial projects. Large investment projects, such as the construction of highways or industrial facilities, are characterized by a huge period of their implementation and very complex procedures for approving project documentation. Accordingly, such projects are the most risky for banks and private investors. And the higher the risks, the higher the cost of financing. The solution of the above problem requires the creation of mechanisms that facilitate the attraction of investments in large industrial projects. At the same time, it should be borne in mind that today there is a constant development and improvement of the methodology for managing investment and construction projects, but in practice this development does not always lead to an increase in the effectiveness of the projects themselves. In the case of investments in energy, chemical and other industries, as well as in infrastructure development, characterized by huge investments, the choice of the financing method is key to making a decision on the implementation of such a project. It follows from the above that improving the efficiency of implementation and management of industrial investment and construction projects is an important task both for the investment climate of the country and for the development of the industrial sector. The essential result of this research is the formation of methodological approaches to improving the reliability, from the point of view of investors, of large industrial investment projects.