TY - JOUR

T1 - Assessment of major Arctic development projects: New challenges-new responses

AU - Novikova, Tatyana

AU - Gulakova, Olga

N1 - Funding Information: The paper has been prepared with the support of the Russian Foundation for Basic Research (project No. 20-010-00377). Publisher Copyright: © 2021 The Authors. Published by ELSEVIER B.V.

PY - 2021

Y1 - 2021

N2 - In recent years, several fundamental decisions were made in relation to the implementation of major transport infrastructure projects for the development of the Arctic. To ensure their justification and successful implementation, it is necessary to use adequate tools of project analysis. The paper addresses the development of methods for assessing the financial and economic efficiency of Arctic development projects and quantifying the results of interaction between project participants, including spatial interaction. The developed model allows us to quantify the redistribution of results between project participants due to the mechanisms of various government support instruments and methods of private financing. The proposed methods were tested for the Yamal LNG project.

AB - In recent years, several fundamental decisions were made in relation to the implementation of major transport infrastructure projects for the development of the Arctic. To ensure their justification and successful implementation, it is necessary to use adequate tools of project analysis. The paper addresses the development of methods for assessing the financial and economic efficiency of Arctic development projects and quantifying the results of interaction between project participants, including spatial interaction. The developed model allows us to quantify the redistribution of results between project participants due to the mechanisms of various government support instruments and methods of private financing. The proposed methods were tested for the Yamal LNG project.

KW - commercial efficiency

KW - economic model

KW - financial

KW - government support

KW - indirect effects

KW - infrastructure projects

KW - inter-industry multi-regional model

KW - public efficiency

KW - tax effects

UR - http://www.scopus.com/inward/record.url?scp=85117843100&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/record.url?scp=85119092164&partnerID=8YFLogxK

U2 - 10.1016/j.trpro.2021.09.063

DO - 10.1016/j.trpro.2021.09.063

M3 - Conference article

AN - SCOPUS:85117843100

VL - 57

SP - 370

EP - 375

JO - Transportation Research Procedia

JF - Transportation Research Procedia

SN - 2352-1457

T2 - 2021 International Conference of Arctic Transport Accessibility: Networks and Systems

Y2 - 2 June 2021 through 4 June 2021

ER -