Regional aspects of investment policy in construction

¹ Moscow State University of Civil Engineering, Yaroslavskoe sh., 26, 129337, Moscow, Russia
² Information Technology and Economic Support of the Federal Road Agency (Rosavtodor), 4 Bochkova str., 129085 Moscow, Russia

^* Corresponding author: solovevvv@mgsu.ru

Abstract

The article presents the results of the analysis of the problems of regional investment in terms of determining the volume of investment costs in capital construction projects. The purpose of the study is to determine the relationship of the state's pricing policy in the construction industry to the process of allocating investments for the construction of infrastructure facilities in the regional context. The signs of uneven possibilities of budgets of different regions are highlighted. Pricing factors for construction products, in particular, due to the regulatory framework, are identified as local reasons for differences in capabilities. The types of construction objects with characteristic qualities for carrying out such an analysis are determined. Research methods are based on a piecemeal comparison of linear models of direct costs and cost conversion indices in territorial standards. Differentiation of state pricing standards is considered on the example of special types of work in the construction of urban infrastructure facilities. The estimation of the difference in the cost indicators of territorial standards is used in the assessment of the investment potential of the region. The results obtained show a multiple difference in the cost of construction resources in neighboring regions without proper justification. This makes it possible to determine the volume and cost parameters of construction projects, the creation of which is possible within the framework of the current regional budget. The proposed three-dimensional model of the timing, cost and risks of the project provides grounds for calculating the qualitative indicator when choosing objects of investment programs of the regions. It is concluded that there is a need to move from a system of loosely interconnected territorial and sectoral budget and regulatory bases to a unified information environment.