Organizational and Economic Mechanism of Investment Management in the Renovation of Residential Buildings in Moscow

Abstract

Moscow as one of the megacities of the world is subjected to socio-economic trasnformation, the introduction of innovative technologies, changing the urban environment. The main purpose of these changes is to create a comfortable living environment for citizens. A number of investment projects are currently being implemented in the capital. One of them is an investment and construction project of renovation of residential buildings of the first period of industrial housing construction in Moscow. Investment and construction program of renovation in Moscow started in 2017 and is designed to 2032. The renovation program is the second stage of the complex reconstruction of the panel five-story buildings in Moscow. Successful implementation of the state program largely depends on the well-established organizational and economic mechanism of investment management in the renovation of residential buildings in Moscow. The effectiveness of such a mechanism will require a number of complex tasks. The article examines the organizational and economic mechanism of investment management in the investment and construction project for the renovation of residential buildings in the metropolis. The analysis of the purpose, subject, object, stages and tasks of the investment and construction project containing innovative components. Based on the results, recommendations are made for making a decision on the further implementation of the state program of innovative nature. That will optimize the expenditure of budgetary and extra-budgetary funds, reduce the time of construction, improve the quality of construction of residential and social infrastructure, improve the consumer quality of residential areas, houses, apartments and non-residential premises.