DISTRIBUTION OF DEMAND RELATED RISKS IN ROAD CONCESSIONS IN RUSSIA
Abstract
The analysis of global and Russian experience of concession agreements in the transport sector shows the high dependence of successful projects on efficient allocation of demand risk between a grantor and a project company. The article describes major factors affecting demand risk distribution regarding Russian road concessions, contains conclusions and assumptions of the author on current and future trends related to the studied components of concession projects, particularly on the transition from the projects with real tolling to availability fees.
Keywords
About the Author
M. Yu. Sokolov
St. Petersburg State University, St. Petersburg, Russia
Russian Federation
Ph.D. (Economics), head of department
Russian Federation
Ph.D. (Economics), head of department
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Review
For citations:
Sokolov M.Yu. DISTRIBUTION OF DEMAND RELATED RISKS IN ROAD CONCESSIONS IN RUSSIA. World of Transport and Transportation. 2015;13(3 (58)):108-121.
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