Voyevodina L.A., Medvedeva L.N. Public-Private Partnership as an Instrument for Developing Reclamation Parks
Lidiya A. Voyevodina
Russian Scientific Research Institute of Land Improvement Problems, Novocherkassk, Russian Federation
Lyudmila N. Medvedeva
Volzhsky Politechnical Institute, Branch of Volgograd State Technical University, Volzhsky, Russian Federation
Abstract. The aim of the paper is to study the prerequisites for creating reclamation parks taking into account Russian and foreign experience in developing park structures, to identify the difference of reclamation parks from the existing forms of infrastructural entities and to suggest the mechanism of budgetary investment refunding with the use of the agent-based modeling method. The paper studies the main provisions of the concept of creating reclamation parks.
They are considered as a new form of the interaction between farmers on reclaimed lands which is designed to increase the area of reclaimed lands and to ensure higher productivity of the crops grown on these lands and sustainability of agriculture on the basis of soil fertility preservation and increase. The article proposes a new definition of “reclamation water park” term. The paper analyzes the types of reclamation parks taking into account the specificity of the Siberian and Far Eastern Federal Districts. The authors propose variants of budgetary investment refunding using the experience of the US Bureau of Reclamation in budgetary refund of water supply projects implemented by this organization. According to the developed conception of reclamation parks there may be several options for refunding public investments. Using the assumptions made in the paper, the payback period for a water reclamation project at different levels of budget investment refunding was calculated. The payback period without deferral of refunds at the discount rate of 8 % was as follows. It was the longer than 50 years at 10 % profit per year; 14 years at 15 % profit per year; 9 years at 20 % profit per year, and 6 years at 30 % profit per year. When the period of the deferral of refunds was 5 years, the payback period was longer than 50 years, 48, 22, and 14 years respectively for every case.
Key words: reclamation park, public-private partnership, agent-based modeling, subjects of the Federation, budget
investments, budgetary refund, reclamation.
Citation. Voyevodina L.A., Medvedeva L.N., 2019. Public-Private Partnership as an Instrument for Developing Reclamation Parks. Regionalnaya ekonomika. Yug Rossii [Regional Economy. South of Russia], vol. 7, no. 2, pp. 135-145. (in Russian). DOI: https://doi.org/10.15688/re.volsu.2019.2.14