Mir Èkonomiki i Upravleniâ (Jun 2018)
PROSPECTS FOR THE CHUKOTKA’S COMPLEX DEVELOPMENT
Abstract
Implementation of investment projects of the Chukotka Autonomous District is consistent with the policy of «promotion to the North» and has a strategic importance for the country. At the same time, extremely uncomfortable conditions for living and doing business, poor development of transport and social infrastructure, state of the energy system, shortage of skilled labor, environmental restrictions make economic indicators of projects unsatisfactory. Under these conditions, traditional project analysis should be transformed into analysis of value chains, i.e. investment projects should be considered in conjunction. The purpose of this research was to assess forecasted effects of large interconnected projects of the Chukotka Autonomous District. At the first stage of the work, systematization of data on promising projects of the Chukotka Autonomous District made it possible to determine the contours of the three promising ATPC - Peveksky, Anadyrsky and Lorinsky. Further using the simulation model, the forecasted effects of two technologically related projects in the Chukotka Autonomous District were estimated: the gold mining Kekura field and the floating nuclear power plant. It was carried out the stability analysis of this bundle to price risks, project productivity and project costs changes. It is shown that without the State participation the northern energy project will not be attractive for business. The use of an alternative source of energy by the Kekura gold mining enterprise will adversely affect business gains, the region and the country as a whole. Therefore, the stimulation of implementation of system-forming projects should become a part of the process of complex development of the Chukotka territories. Developments of the authors can be used when working out risk-resistant PPP agreements for the Chukotka Autonomous District.
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