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

  • Inna MitrofanovaEmail author
  • Elena Russkova
  • Marina Buyanova
Chapter
Part of the Contributions to Economics book series (CE)

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.

Keywords

Large-scale infrastructure project Territory Development Integrated character Life cycle Uncertainty Risk Competence Corruption Ural Federal District Southern Federal District Regional policy National strategy 

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Copyright information

© Springer International Publishing AG 2017

Authors and Affiliations

  • Inna Mitrofanova
    • 1
    Email author
  • Elena Russkova
    • 1
  • Marina Buyanova
    • 1
  1. 1.Volgograd State UniversityVolgogradRussia

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