Infrastructure and transportation

Abstract

The Russian banker, Andrey Kostin, speaking at the Sochi International Investment Forum in February 2017, argued that the key problem with the Russian transport system was that “[t]here is very little money. The state spends very little money on infrastructure—insanely little […]. [W]e still do not have a proper regulatory framework—a legislative basis for public-private partnerships. The result is that, in terms of the development of transport infrastructure, we are somewhere near the level of Gabon”1.