UDC 336.763.3
Authors
E. B. Tyutyukina
Doctor of Economics, Professor of
Department of Corporate Finance and
Corporate Management, Financial
University under the Government
of the Russian Federation,
Moscow, Russian Federation
A. A. Tyutyukina
Member of the Temporary creative
student team, Financial University
under the Government of
the Russian Federation,
Moscow, Russian Federation
Abstract
Relevance. The effective functioning of infrastructure is one of the main conditions for sustainable economic
growth, the quality of life of the population, and the strengthening of Russia’s defense capabilities. Rational
use of infrastructure bonds will increase the share of private business in financing infrastructure projects
and increase the investment attractiveness of infrastructure projects.
Objective: to analyze the Russian market for infrastructure bonds aimed at financing or refinancing infrastructure
projects in the field of public-private partnerships and concession agreements and to develop
recommendations for its further development.
Results. In the process of analyzing the Russian infrastructure bond market, restrictions were identified that
impeded the further development of the infrastructure bond market in Russia, recommendations were made on
how to address the institutional, organizational and economic support of the infrastructure bond market.
It is concluded that the infrastructure bond market, as a mechanism for attracting long-term financing in
infrastructure projects, is promising for the development and updating of infrastructure.
Keywords
investments, infrastructure, concession bonds, infrastructure bonds, risks, efficiency.
