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Indexed by:期刊论文

Date of Publication:2016-03-01

Journal:IATSS Research

Included Journals:EI

Volume:39

Issue:2

Page Number:138-145

ISSN No.:03861112

Abstract:This study focused on the mechanism of attracting funds to finance projects in the field of highway infrastructure construction through Public-Private Partnership (PPP). The basis and principles for development of the financial strategy of a project company were defined in this paper. The proposed financial strategy was developed on the basis of diversification of sources of funds and financing instruments with regard to the stages of the project life cycle. The parameters for development of the financial strategy were defined to improve the mechanisms of attraction of the capital for the project and increase the capacity of the project company to pay debts. The proposed financial strategy can be taken as a basis for development of the financial strategy for any project implemented through PPP. The capital market is not stable therefore, in addition, an algorithm was proposed for more precise selection of sources of financial resources. © 2015.