FUTURE OF RUSSIAN HEALTHBIO INDUSTRY

04-2013FundingDecreasing Public Costs through PPPPPP is considered to be one of the most effective forms of increasingthe effectiveness of innovation processes – but in Russia such form ofcooperation as a synchronization mechanism of innovativedevelopment of the national economy is still not working.Today the following factors impede thedevelopment of PPPs in Russia:• Underdeveloped legislation• investors' limited resources and difficulty to attractforeign investments;• relative underdevelopment and instability of thefinancial markets and banking resources;• designing large-scale concession projects withouttaking into account the real situation;• lack of transparency and access to informationabout investment projects;• strict requirements along with low commercialviability of PPP projects;• lack of active involvement on the part of the state(municipal authorities)ManagementcompanyManagementcontractPrimecontractorGovernment bodyPPPcontractConsortium(specialmanagementcompany)ConstructioncontractConsultants ofthe governmentbodyConsultants,lawyersCreditorsInvestor(s)Shareholders