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Specific Risks of Implementation of Infrastructural Megaprojects in Regions of Modern Russia

In: Russia and the European Union

Author

Listed:
  • Inna Mitrofanova

    (Volgograd State University)

  • Elena Russkova

    (Volgograd State University)

  • Marina Buyanova

    (Volgograd State University)

Abstract

The long-term prospect of implementation of modern infrastructural projects increases their probabilistic character and provokes one or another risk: macroeconomic, political, geographical, engineering, technical, financial, commercial, organizational and legal, tariff, taxation, and others. Using the example of current Russian megaprojects such as, for instance, “Ural Industrial—Ural Polar” or construction of the Olympic objects in Sochi, it was shown that these risks became the reason for the rebranding of the megaproject or they led to a considerable increase of the fact costs in comparison with the planned ones. The authors are convinced that the display of possible corruption risks at the pre-project stage, taking into account of reputation risks and the elimination of risks of low competence, are an important task implying the reduction of the uncertainty of the final effect from the realization of the territorial integrated megaproject.

Suggested Citation

  • Inna Mitrofanova & Elena Russkova & Marina Buyanova, 2017. "Specific Risks of Implementation of Infrastructural Megaprojects in Regions of Modern Russia," Contributions to Economics, in: Elena G. Popkova (ed.), Russia and the European Union, pages 75-80, Springer.
    • Handle: RePEc:spr:conchp:978-3-319-55257-6_11
    DOI: 10.1007/978-3-319-55257-6_11
    as

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