Problems of Identifying Risks in Infrastructure Projects with State Participation

Abstract

Aim. The presented study aims to analyze the problems of identifying risks in infrastructure projects with state participation through the example of the Moscow – St. Petersburg high-speed railway construction project.Tasks. The authors find ways to identify potential risks at an early stage of the project, which should serve as a basis for building a risk management system that corresponds to common international and domestic practices.Methods. This study uses general scientific methods of cognition to examine the problems of identifying risks of infrastructure projects with state participation in various aspects. Results. As a result of the study, it is proposed to view the state as a single commissioner of infrastructure projects, regardless of whether they belong to various independent initiators, and to organize a centralized risk management committee in accordance with best international practices. This would provide a unified approach for the implementation of infrastructure projects and create a natural environment for the rapid exchange of information and experience, thus ensuring more effective management of subsequent projects.Conclusions. The authors focus on the simultaneous diversity and repeatability of risks arising during project implementation and conclude that it is necessary to establish centralized assessment of most risks with proper organization of management processes.