Formation of an Effective Mechanism for Socially Responsible Investment in the Comprehensive Modernization of the Municipal Infrastructure
Abstract
The article deals with the problem of effective and socially responsible investment of projects for the comprehensive modernization and reconstruction of worn-out housing and communal services to improve the quality of housing services using the example of water supply and water consumption systems. An assessment has been made of the current practice of reforming housing and communal services with the attraction of private investment in the context of the formation of concession agreements. The tendency is to transform the monopoly of the state into a private-state monopoly with ensuring the economic efficiency of the concessionaire and, as a result, with insufficient observance of public interests. The population is the main customer and consumer of public services, the actual investor of projects of concession agreements, officially deprived of this status. An alternative investment option is proposed based on the formation of a social public (municipal) business partnership mechanism involving open joint participation of state and municipal authorities, business entities and the population in investing in projects of comprehensive modernization of public utility infrastructure with public interest priority.
About the Author
A. V. Svistunov
Murom Institute (branch) of the Vladimir State University named after Alexander Grigorievich and Nikolai Grigorievich Stoletov
Russian Federation
Svistunov Andrey V.,PhD in Economics, Associate Professor, Associate Professor of Economics, Murom Institute (branch)
Russian Federation
Svistunov Andrey V.,PhD in Economics, Associate Professor, Associate Professor of Economics, Murom Institute (branch)
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Review
For citations:
Svistunov A.V. Formation of an Effective Mechanism for Socially Responsible Investment in the Comprehensive Modernization of the Municipal Infrastructure. Vestnik NSUEM. 2019;(1):74-89. (In Russ.)
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