State-private partnership (SPP) in the sports industry of Russia

Abstract

The article considers issues of financing infrastructure projects of the sports industry with the help of such an innovation mechanism, used for a number of decades in the whole world as state-private partnership (SPP). It pays a special attention to a characteristic of various SPP models (concessions, life cycle contracts, production sharing agreements, contracts, project financing agreements, etc.) and mechanisms of their application in various countries (USA, England, Italy, Spain, Portugal, France, SAR, etc.). The article describes experience of construction and realisation of sports projects in different Russian regions. The article speaks about the problems, faced by initiators and owners of SPP projects, of their realisation in Russia and the ways of solution of existing difficulties and analyses the draft Law on the State-Private Partnership in Russian Federation.

Keywords

• infrastructure restrictions of economic growth
• concession agreements
• life cycle contracts
• state-private partnership
• national welfare fund
• special project company
• private financial initiative