Empress Catherine II Saint-Petersburg Mining University, Saint-Petersburg, Russia

Yu. V. Lyubek, Candidate of Economic Sciences, Associate Professor, lyubek_yuv@pers.spmi.ru

The article considers the issue of increasing the investment attractiveness of mineral resources regions through the implementation of infrastructure projects. The purpose of the study is to form an economic mechanism to support the implementation of infrastructure projects necessary for the development of mineral resources centers in Russia. The author carried out a conceptual analysis of the development of mechanisms to support infrastructure projects in the world and in the domestic practice. Based on the disclosure of methodological foundations, this article presents an arrangement of an economic mechanism for supporting infrastructure projects, taking into account the legal framework, organizational features and financial technologies. The legal framework for the project support mechanism includes the actual legislative regulations in the mineral resources sector, and their general provisions are imaged in a certain organizational and economic arrangement founded on the national legal model. The organizational and economic arrangement of the support of infrastructure projects represents an integrated mechanism of interaction of different structures on the basis of contracts concluded between a design company and many market participants. Being developed at the national level, the Project Financing Factory tool can stimulate investment activity in the regions where projects are introduced, and can improve implementation of the projects in terms of finance. The successive use of the described tools makes it possible to enhance effectiveness of infrastructure projects, which reflects upon attractiveness of investment in the mineral resources regions. The presented recommendations on validation of the organizational and economic arrangement for the application of the project support mechanisms can be used in financial and economic backup of the lines of strategic development in the regions of mineral resource specialization in Russia.

1. Müllner J. International project finance: Review and implications for international finance and international business. Management Review Quarterly. 2017. Vol. 67, Iss. 2. pp. 97–133.
2. Gatti S. Project Finance in Theory and Practice: Designing, Structuring, and Financing Private and Public Projects. 4th ed. London : Academic Press, 2024. 568 p.
3. González-Ruiz J. D., Mejia-Escobar J. C., Franco-Sepúlveda G. Towards an understanding of project finance in the mining sector in the sustainability context: Aa scientometric analysis. Sustainability. 2021. Vol. 13, Iss. 18. ID 10317.
4. Shikhverdiev A. P. Chuzhmarov A. I., Kalina A. V. Organizational and economic development mechanism for public-private partnerships in region. Biznes. Obrazovanie. Pravo. 2015. No. 4(33). pp. 50–55.
5. Potravny I. M., Chavez Ferreyra K. Y., Novikov A. V. Project approach to benefit sharing during industrial development of the Russian Arctic. Eurasian Mining. 2023. No. 1. pp. 29–32.
6. Ponomarenko T. V., Gorbatyuk I. G., Cherep ovitsyn A. E. Industrial clusters as an organizational model for the development of Russia petrochemical industry. Journal of Mining Institute. 2024. Vol. 270. pp. 1024–1037.
7. Abramov A. E., Pershin A. A., Chernova M. I. Measuring the state sector and assessing its effectiveness: approaches and implications. Finansovyi zhurnal. 2023. Vol. 15, No. 2. pp. 27–46.
8. Litvinenko V. S., Petrov E. I., Vasilevskaya D. V., Yakovenko A. V., Naumov I. A. et al. Assessment of the role of the state in the management of mineral resources. Journal of Mining Institute. 2023. Vol. 259. pp. 95–111.
9. Ilyushin Yu., Nosova V., Krauze A. Application of systems analysis methods to construct a virtual model of the field. Energies. 2025. Vol. 18, Iss. 4. ID 1012.
10. Lapinskas A. A. Influence of mining rent on the efficiency of using natural potential: the paradox of plenty and its Russian specifics. Journal of Mining Institute. 2023. Vol. 259. pp. 79–94.
11. Davaakhuu N., Potravny I. M., Tishkov S. V., Kulakov K. A. Modeling mining company activities under conditions of resource base depletion: Ecological-and-economic aspect. Gornyi Zhurnal. 2019. No. 8. pp. 50–54.
12. Glukhov V. V., Babkin A. V., Shkarupeta E. V. Digital strategizing of industrial systems based on sustainable eco-innovation and circular business models in the context of the transition to Industry 5.0. Ekonomika i upravlenie. 2022. Vol. 28, No. 10. pp. 1006–1020.
13. Matrokhina K. V., Trofimets V. Ya., Mazakov E. B., Makhovikov A. B., Khaykin M. M. Development of methodology for scenario analysis of investment projects of enterprises of the mineral resource complex. Journal of Mining Institute. 2023. Vol. 259. pp. 112–124.
14. Panfilova A. A. Project financing as a method of organizing investment activities. Vestnik PNIPU. Sotsialno-ekonomicheskie nauki. 2022. No. 3. pp. 228–240.
15. Al-Saadi T., Cherepovitsyn A., Semenova T. Iraq Oil Industry Infrastructure Development in the Conditions of the Global Economy Turbulence. Energies. 2022. Vol. 15, Iss. 17. ID 6239.
16. Ma L., Li J., Jin R., Ke Y. A Holistic Review of Public-Private Partnership Literature Published between 2008 and 2018. Advances in Civil Engineering. 2019. Vol. 2019. ID 7094653.
17. Anikeeva A. A., Chernoletskaya A. K. Mechanisms for attracting investment resources during a downturn. Ekonomika, predprinimatelstvo i pravo. 2021. Vol. 11, No. 6. pp. 1587–1604.
18. Babkin I. A., Zdolnikova S. V. Conceptual model for evaluating the effectiveness of publicprivate partnership projects in the industrial sector of the economy. Teoriya i praktika servisa: ekonomika, sotsialnay sfera, tekhnologii. 2020. No. 4(46). pp. 11–15.
19. Pilipchuk N. V., Aksenova Z. A., Lupacheva S. V., Markova O. M., Tamov R. M. Digital Development of Russian Regions: Prospects and Contradictions in a Period of Turbulence. Ecological Footprint of the Modern Economy and the Ways to Reduce It. The Role of Leading Technologies and Responsible Innovation. Series: Advances in Science, Technology & Innovation. Cham : Springer, 2024. pp. 393–398.
20. Dzhancharova G., Kosheleva A., Drobysheva N., Pasternak S., Shelygov A. et al. Economic and legal aspects of foreign economic risks within the framework of sustainable development of Russian enterprises. Journal of Law and Sustainable Development. 2023. Vol. 11, No. 3. DOI: 10.55908/sdgs.v11i3.317
21. Kirsanova N. Yu., Lenkovets O. M. Assessment of accountability in state regulation of Arctic zone of the Russian Federation in current institutional environment. Sever i Rynok: Formirovanie Ekonomiceskogo Poryadka. 2022. Vol. 25, No. 1(75). pp. 47–57.
22. Kotov P. I., Pryamitsky A. V., Kunchulia G. M., Shmelev D. G. Monitoring infrastructure built on permafrost and geocryology of operating area of Nornickel’s Polar Division. Gornyi Zhurnal. 2025. No. 6. pp. 107–112.
23. Lyubek Yu. V. Organizational and economic basis of implementation of investment projects within concession agreements in mining industry of Russia. MIAB. 2015. Special issue 40. pp. 11–23.
24. Ponomarenko T. V., Gorbatyuk I. G., Galevskiy S. G., Marin E. A. Оptimizing concession agreement terms and conditions: stakeholder interest alignment in the petrochemical sector. Journal of Risk and Financial Management. 2024. Vol. 17, Iss. 6. ID 231.
25. Gavrilin A. V., Tonoyan R. G. Global project finance market developmental characteristics. Finansovye rynki i banki. 2020. No. 4. pp. 57–60.
26. Lipina S. A., Cherepovitsyn A. E., Bocharova L. K. The preconditions for the formation of mineral and raw materials centers in the support zones of the Arctic zone of the Russian Federation. Arktika i Sever. 2018. No. 33. pp. 29–39.
27. Iakhiaev D., Grigorishchin A., Zaikov K., Bezdudnaya A., Ukhanova A. et al. Methodological approach to assessing the digital infrastructure of the northern regions of the Russian Federation. Journal of Infrastructure Policy and Development. 2024. Vol. 8, No. 12. ID 8747.
28. Korableva O. N., Vetrova E. N., Podolyanets L. A. et al. (Eds.). Technological Trends and High-Tech Economy : Business, Industries, Regions. Saint-Petersburg : Asterion, 2021. 668 p.