Moscow State Mining University (Moscow, Russia):

Yastrebinskiy M. A., Professor, Doctor of Economic Sciences, phone: +7 (499) 230-25-99

Institute of Social and Economic Studies of Population of Russian Academy of Sciences (Moscow, Russia):

Guseva N. M., Senior Researcher, Candidate of Economic Sciences

This article considers the theoretical and practical possibilities of use of innovation investment source (state and private partnership) in mining industry with additions to laws, belonging to the state and private partnership and concession, in the form of live cycle contracts. There is given the characteristics of state and private partnership and live cycle contracts. On the basis of modern financial-economic doctrines in Russia and foreign countries, this article gives the critical assessment of the content of state and private partnership project and its goal (passing of qualitatively and quantitatively substantiated risk projects to private partner (investor); choice of a partner; peculiarity of financial advantages etc). An attention is drawn to limitations and selectivity of inter-payments, according to the factor of importance and longevity of objects' construction, and necessity of changes and additions into Russian legislation etc. Contractual form of state and private partnership (live cycle contracts) is also considered together with possibility of extension in the spheres of creation and exploitation of real estate units (underground car parking lots, gas storages, town drains, mining enterprises, metropolitan objects etc). The following content of models and their schemes (BOT, BTO, mine rent etc) is described: design and construction by concessionary; passing of finished object to concession provider (public partner); exploitation by concessionary (only with public-private partnership agreement). Certain examples of use of state and private partnerships (live cycle contracts) are described.

1. Yastrebinskiy M. A. Ekonomika dobychi i pererabotki stroitelnykh gornykh porod : uchebnik, vtoroe izdanie (Economics of extraction and processing of construction rocks : tutorial, second edition). Moscow : Vysshaya shkola, 1990.
2. Yastrebinskiy M. A., Gitis L. Kh. Otsenka effektivnosti investitsiy v gornye predpriyatiya s uchetom faktora vremeni i diskontirovaniya zatrat (Estimation of efficiency of investments in mining enterprises, taking into account the factor of time and discounting of costs). Third edition. Moscow : Moscow State Mining University, 2001.