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What prevents investors from turning in the Far East - EastRussia |

Irkutsk
Ulan-Ude

Blagoveshchensk
Chita
Yakutsk

Birobidzhan
Vladivostok
Khabarovsk

Magadan
Yuzhno-Sakhalinsk

Anadyr
Petropavlovsk-
Kamchatsky
Moscow

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PPP in the format of TOP

What prevents investors from developing in the Far East

PPP in the format of TOP
Special project TORA and Free Port

The role of public-private partnerships in infrastructure development in the Far East was discussed at the “Russian week of PPP” in Moscow.

Nothing unexpected

At the congress “Russian week of PPP” they praised Yakutia with all their might - it was this region of the FEFD that made the most real breakthrough, rising to rating regions of the Russian Federation in terms of the level of PPP development at 49 positions and occupying 25 place. Yakutia became the leader among the subjects of the Far Eastern Federal District and took a firm position in regions with an average level of PPP development. The secret of success is in the adoption of fundamental normative legal acts in the sphere of public-private partnership.

In the panel discussion "The Role of PPP Mechanisms in Infrastructure Development in the Far East: Current Situation, Best Practices, Prospects for Applying to TOP", initiated by the Ministry of the Russian Federation for the Development of the Far East, Yakutia rules a ball. It was set as an example of regions that fell into the group with low attractiveness - the Kamchatka Territory and the Jewish Autonomous Region (58 and 62 places respectively), as well as outsiders of the rating - Magadan Region and Chukotka Autonomous District (79 and 82 rankings).

The deputy head of the Ministry of Eastern and Eastern Development, Oleg Skufinsky, commenting on the rating, noted “a very significant breakthrough in the Far Eastern regions”. “This, of course, is primarily the merit of the governors, the merit of regional teams, the merit of entrepreneurs,” he said. - It is no coincidence that Yakutia is a region with which we signed an agreement at the First International Forum of Entrepreneurs last September; the current year is declared the year of entrepreneurs, and Yakutia is in the 1 place. This is a logical development of events. ” Skufinsky promised that "next year we will be in the top ten, beyond any doubt, according to the dynamics that we are showing today."

New projects and expansion of the regulatory framework allowed the Khabarovsk Territory to take a stable position in the rating - 31 place with growth at 41 position. The Amur region took 33 place, demonstrating growth at 15 positions, Sakhalin region - 34 place (plus 3 positions), Primorsky Krai - 37 place and improvement of indicators at 39 positions. "If the federal government, regional authorities and entrepreneurs are involved in the process, realizing not only a narrow task, but developments around the perimeter, it (public-private partnership - Prim.red.) is obtained in a relatively short period. Therefore, PPP is our priority, ”Skufinsky summed up.

The third annual "Ranking of Regions of Russia in the Level of Development of Public-Private Partnership 2014-2015" was prepared by the Ministry of Economic Development of the Russian Federation and the Center for the Development of Public-Private Partnership with the support of the Chamber of Commerce and Industry of the Russian Federation. The rating took into account several parameters: the development of the institutional environment, the experience of implementing PPP projects, and the investment attractiveness of the region. In total, 586 projects were analyzed (for comparison in 2014 - 131 project), which were at different stages - from initiation to operation of the facility. Experience with public-private partnership projects is available in 68 entities of the country, in 17 entities - PPP projects are not even at the stage of initiation.

Based on the results of calculating the ranking of regions, the objects were divided into five groups according to the level of PPP development: regions - leaders in the level of development of PPP (60-75%), with a high level of development (45-60%), with an average level of development (35-45% ), with a low level of development (25-35%), with a very low level of development (0-25%).

Serious ambitions

According to Skufinsky, now in the Far East is implementing 61 project using public-private partnership mechanisms. Important for Минвостокразвития at this work there is a question of efficiency: for each budget ruble there should be at least seven rubles of private investments. He stressed that "we have examples with the indicator 1 to 17."

PPP models for the implementation of investment projects in the district will be used in full. "We have very serious ambitions, we want to become the best practice in Russia," he said.

During the panel discussion, representatives of the PPP Development Center, the "Far East Development Fund and the Baikal Region", regional government bodies discussed the application of PPP mechanisms in the format of advanced development territories (TORs). The principle of partnership between the state and private partnership is based on this innovative tool. In accordance with the Law on TOP, the state ensures the creation of the infrastructure necessary for residents.

"Investors are closely watching the complex work of the Minsk region team. The adopted law on the territories of advanced development presupposes the TOR regime not only on the territory itself, but also on the necessary infrastructure. That is, it is a tool that makes it possible to make a financial model of a project attractive for an investor in conditions of limited budget funds. In addition, since last year we have concentrated on the introduction of concession projects in the business practice of the Far East, which is why there is a big breakthrough in the regions. Plus, in a number of regions, the necessary regulatory acts have been adopted, "Skufinsky EastRussia revealed the secret of the success of the Far Eastern regions in the rating.

According to him, "from the 61 project, implemented on the principle of PPP, 12 regional projects, 49 projects of the municipal level." He did not prioritize projects, but noted that attention was focused on "international transport corridors (Primorye-1", "Primorye-2", "Eastern bypass of Khabarovsk" Prim.red.): they give a very serious effect on the economy. "

“We analyze the cargo base, logistics flows, we work closely with investors, and when working with investors we have instruments for fixing obligations. We listen to them attentively with regard to what they need from the state, so that the investor, including a foreign one, would be comfortable coming to our territory and making money, ”the deputy minister said. Skufinsky clarified that the Ministry of Eastern Development has concluded 20 memorandums with foreign companies. “This is the beginning of the journey. The memorandum is followed by a deeper study of the issue. This is a series of Japanese, Korean, Chinese companies that are interested in the development of the Far East. And they will be chosen by those who offer the most optimal conditions for the interests of Russia, ”he said.



Investors are on the contract

The panelists talked about obstacles that hinder the implementation of PPP mechanisms. It turned out that even advanced Yakutia has a lot of unsolved problems. Despite the fact that the main value of the republic is the subsoil, Yakutia is a small region that does not have serious business focused on the domestic market. And, of course, there are many restrictions, primarily infrastructural, the Deputy Minister of Economy of the Republic Yevgeny Chekin complains.

“Investors are not in the queue. But the government of the republic is doing quite a lot of work, including informational, with investors, both with Russian and with foreign ones. It is clear that in the current moment the emphasis is on the Asian market, ”he shared with EastRussia.

Chekin explained that under the PPP model defined by Russian legislation, the initiator of the project is building its own plant, and the state is building all necessary infrastructure for the budget account of the investment fund.

“Let's take the design stage of the integrated development of South Yakutia. We successfully implemented it as part of an investment fund, but the stage involved only the development of design and estimate documentation (DED) for infrastructure. And private investors - project initiators - invested in their commercial part, developed their design and estimate documentation. Is the circuit working? Yes, she is a worker, ”said Chekin.

He cited the example of the Inaglinsky coal complex under construction - “the first shipment of coal has already begun,” the railway to it is being built as part of budget financing. The support question concerned only the power grid infrastructure, but it has already been resolved. “Here is a situation where a distinct investor who has already invested and has not tried to leave anywhere. Therefore, the risks are minimal, ”the official continued.

According to Chekin, there are many examples where the infrastructure is built, but the commercial part has not even started. “I will not name specific cases. Such an approach, when the state, believing the initiators of the project, undertakes to undertake, for example, on the construction of a road, may turn out that nobody needs the infrastructure, except the initiator (investor) himself. Who needs a railway to the taiga? Nobody needs power grid infrastructure there either. Instead of building kindergartens for children, new hospitals, to put this money on wage increases, to build normal roads for public use, the state, having spent money on such infrastructure, simply crossed it out of the economy. We paid all taxes, and they went to an incomprehensible object in the taiga in the event that the initiator does not fulfill his obligations, ”he said. According to Chekin, the problem lies in the lack of contractual security of projects. That is why a project-contract approach is required, which the Ministry of Eastern Development is proposing.

“The state should, as an entrepreneur, look at any project - whether it is beneficial or not to implement one or another infrastructure project. If there is no point, then you should not take it, ”the deputy minister concluded.

TORES are a good thing

The panelists agreed that business may sometimes be interested in the development of PDA not only as a resident, but as an investment partner in creating the infrastructure of the site. However, finding initiators of infrastructure construction in some regions is not easy.

Primorye can boast of the proximity of the APR countries, but only not in terms of investment. "TORES are a good thing. I think it will work. But they are not always an indispensable stimulator, as there are a lot of businesses that are so marginal that they allow them to make the infrastructure themselves, "Yury Tuktarov, representative of the Primorsky Territory Investment Agency, said. He acknowledged that "the common problem of the region is geology, which increases capital costs. Build on the hills on 30-40% more expensive than in the European part. But on Sakhalin and in Kamchatka in general in 2 times more expensive, because, in addition to the hills and geology, they still need to transport building materials from the mainland. Therefore, it is very difficult to conclude such deals so that the participants will come and build everything in the infrastructure, since the capital costs of Primorye are slightly higher. "

Tuktarov also agreed with the Deputy Minister of the Ministry of Property and Land Relations of the Kamchatka Territory Irina Bogdanova. In Kamchatka, she said, "the PPP mechanism is in its infancy".

"At the same time, we have prepared all the necessary regulatory and legal framework and are considering a number of projects that can be implemented on the principle of using the PPP mechanism," she said.

"What prevents investors from attracting? In my opinion, today there is no real understanding of the return on investment. The investor should understand, at the expense of which he will return his investments, "Bogdanova said. According to her, the example of Yakutia to implement PPP mechanisms should be adopted.

Nevertheless, experts are sure that it is necessary to work with the investor, and the investment climate is created by people.

“Each region is unique. There should be an open field for the exchange of experience on the implementation of public-private partnership mechanisms, because we must develop a unified approach to PPP, including that regulated by legislation. And then the projects will be implemented at lower costs, ”said Chekin, stressing that the brightest public-private partnership projects in the Far East are still ahead.