- The comprehensive plan for modernization and expansion of core infrastructure for a period through 2024 covers the seaports’ projects. We have decided to increase the capacity of ports by 370 million tonnes within the coming 6 years. It is one third of the current capacity and it is an overarching challenge. It is the port sector that is supposed to attract the most of private investments throughout the plan implementation.
Private businesses will be offered special mechanisms of participation in projects that did not initially imply private investments. That can be interesting for large companies interested in cargo shipping. Many of them are already working with port infrastructure and many are ready to invest in debottlenecking of railways to deliver cargoes to ports. There is such a synergy.
A concession mechanism is supposed for projects having not attracted the investors.
The state order mechanism is not flexible enough. It does not let change the terms of state/business participation in the project. We have discussed a possibility of negotiations on concession projects without a concessionary so that after the first phase of the project when all risks are over (like preparation of the ground) an investor could buy into an authorized capital. This mechanism will let replace part of state financing with the private one.
Recorded by IAA PortNews from the interview of Yevgeny Ditrikh with Russia 24 channel.