THE ATTRACTION OF ADDITIONAL SOURCES OF FINANCING TO DEVELOP THE OBJECTS OF A CONCESSION AGREEMENT BASED ON THE USE OF DIGITAL FINANCIAL INSTRUMENTS

Being an actual and promising direction of economic development in Russia, directly related to the country’s infrastructure facilities, concession activity attracts increasing interest from investors. Concession activity is an activity on the state assets management and their operation. The attraction of additional sources of financing for the development of concession objects is the more prospective and less risky area for investors as the share of the issue of concession bonds increases each year within the entire structure of bonds emitted in Russia. The paper deals with the applied aspects of using digital technologies in the concession activity. The author considered the approach to the creation of a digital eco-environment aimed at the interaction of the state, a concession holder, and investors. Digital financial assets and financial technologies are the core of the digital eco-environment. According to the author, the creation of a digital eco-environment in a company-concession holder can become an additional possibility of traditional attraction of investments to its development due to its flexibility and new technologies. The author justifies the possibility of the development and introduction of digital technologies in the concession holder’s activity to increase the investors’ interest in the financing of this sphere. The use of a blockchain platform and a smart-contract system will allow automating the process of concluding and fulfilling contractual obligations to finance a concession project. The author concludes that this direction will give the possibility to the companies performing concession activity to increase the investors’ interest in the development of important social and infrastructure facilities of the country, and new digital technologies will allow managing, controlling, and reducing costs when carrying out digital transactions.

smart-контракт