In January-August, 84 projects worth 450 billion rubles were launched on the PPP market.

In January-August, 84 projects worth 450 billion rubles were launched in the public-private partnership (PPP) market – as follows from the review of the National PPP Center, in terms of number this is more than two times less than for the same period in 2022. but in terms of investment volume – about one and a half times more. If the “relatively stable economic situation” remains, the PPP center expects that by the end of the year the market could reach a level of about 200 commercial closures worth RUB 750 billion. (noticeably worse than last year, which, however, became the best in the last few years – 300 projects worth 848.7 billion rubles). The participation of private investors will expand to 575 billion rubles. against 524.4 billion rubles. in 2022, which will increase their share in total investments to 76% (from 62%).

As the general director of the center, Pavel Seleznev, explains, “the groundwork for the growth of the PPP market, associated with the adoption of a set of support measures and improvement of legislation, that was largely created over the past two years has already been implemented”—without additional incentives, a significant breakthrough should not be expected before the end of the year. “Even in terms of the volume of contracted investments, which are still ahead of 2022, the potential of this year has most likely already been exhausted,” he says, without excluding, however, that some projects may be postponed until the end of the year pending entry into force law on the additional setup of PPPs (see Kommersant of June 21), but it is impossible to estimate their number. According to Mr. Seleznev, significant potential for growth remains in sectors that previously did not receive “proper government support”: the urban economy, industry and digital infrastructure.

The peak of commercial closures of PPP projects occurred in March – then 21 agreements were concluded for almost 109 billion rubles. In the following months, on average, about eight agreements were concluded. In terms of declared investments, the peak occurred in June, when the most capital-intensive projects were launched – ten initiatives accounted for almost 138 billion rubles. The most numerous projects remain in the sphere of housing and communal services and the urban environment (more than 2.7 thousand agreements worth 1.1 trillion rubles were concluded), and the most capital-intensive are transport ones (105 agreements worth 2.5 trillion rubles). In terms of the volume of private investment per budget ruble, the leaders are the industrial sector – 338 rubles, as well as digital infrastructure and communications – 51 rubles.

Evgenia Kryuchkova