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Justification and evaluation of dry port investments in Russia

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  • Panova, Yulia
  • Hilmola, Olli-Pekka

Abstract

The hinterland infrastructure (e.g. dry ports that tend to bond railways, seaports, warehouses and roads) is one of the vulnerable points of the national economics. In the deficit of financial resources, the modernisation of the current assets and realisation of the new major projects are possible through public–private partnerships (PPPs). Notably, the attention is focussed on the options for dry port development. A decision is made on the suitable investment mechanism from two alternatives – whether to include or not the enterprises of Russian Railways (JSC RZD) in the financing of the PPP project. To a greater extent, the deterministic model of net cash flows, including project risks assessed by several capital budgeting techniques, showed that the economic potential of concessions in Russia can be considered as high.

Suggested Citation

  • Panova, Yulia & Hilmola, Olli-Pekka, 2015. "Justification and evaluation of dry port investments in Russia," Research in Transportation Economics, Elsevier, vol. 51(C), pages 61-70.
    • Handle: RePEc:eee:retrec:v:51:y:2015:i:c:p:61-70
    DOI: 10.1016/j.retrec.2015.07.008
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    Cited by:

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    2. Alena Khaslavskaya & Violeta Roso, 2020. "Dry ports: research outcomes, trends, and future implications," Maritime Economics & Logistics, Palgrave Macmillan;International Association of Maritime Economists (IAME), vol. 22(2), pages 265-292, June.
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