In recent years the growth of the market for infrastructure investments in 2020 was interrupted by the restrictions imposed by the pandemic coronavirus, follows from the review of the National center for public-private partnership (PPP). Therefore, in January—September, net sales in this sector was twice lower than in the same period of 2019,— 243 billion against RUB 462 billion rubles Decreased the average amount of private investments attracted in PPP projects— now we are talking about 1 billion rubles to 2 billion rubles in 2019. “Such dynamics of the Russian market has not seen since 2010,” say the authors, calling the situation “back ten years ago.”According to the PPP Center, this year by 56% and decreased the number of agreements signed, which exacerbated a trend that was already observed in 2016. But if in 2019 the decline was due to the consolidation projects, now the situation was aggravated by the fact that investors have launched a relatively recapitalise and low-risk projects. So, in March—August monthly subscribe to not more than six agreements, although last year there were 10-15 projects.Exemplary data for running large projects (1 bn) in 2019, the year started on 60 such projects with investment of over 800 billion rubles, this year it is so far about 14 with an investment of 230 billion rubles. thus, as noted in the review, half of new projects fell in January and February, when there was introduced the restrictive measures. Overall, it was stated by the PPP Center, the market participants manage to avoid mass cancellation and revision agreements. For already implemented projects, not stated and cases of defaults caused by the economic situation, difficulties are being overcome through changes in the agreement.However, the occurrence of risks during the implementation of projects will depend on the timing and probability of the second wave of coronavirus (and the introduction of new restrictions), the weakening of the ruble and accelerating inflation, and the deteriorating financial condition of participants, cost of materials, and reduction of payment discipline of consumers. Yet, the review says, the volume of losses actually incurred on projects not disclosed to them, as the prospects of development of market infrastructure, can be assessed only in 2021.Eugene Kryuchkov
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