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Investment in University Campuses Construction Estimated at RUB500bn

3 september 2021 года
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  • Regional teams have started developing campus models and architectural solutions;
  • VEB.RF is the project operator;
  • EEF-2021 witnessed the first public discussion of the project.

The Eastern Economic Forum included a panel session entitled University Campuses Network is Russia’s Intellectual Belt and focused on a project for creating a network of modern university campuses based on the mechanisms of public-private partnership and concessions. The event was the first public discussion of project specifics and effects after an ordinance governing its terms had been issued by the Government of the Russian Federation.

Russian Minister of Science and Higher Education Valery Falkov emphasised the utmost importance of the project for Russian regions and strategic development of universities, including in the context of 2030 Priority project, and specified the key particularities of the project: “Firstly, we work in close cooperation with regions. Campus projects are ambitious and should be treated by governors as intellectual and organisational challenges. Secondly, new infrastructure policies provide for multichannel financing and attracting private investment. Thirdly, we try to design campuses so that their maintenance and operation were both economically viable and feasible for universities. And, finally, campuses are dominant urban centres helping to breathe new life into our cities.”

The project provides for constructing interuniversity campuses providing for that campus infrastructure could be used by all regional universities and research centres. Establishing shared competency centres on campus sites will foster the exchange of new ideas and will give an added impetus to organising interdisciplinary teams and creating innovative products.

Creating an innovative educational environment (campuses) is a pioneering experiment in attracting private investment to develop and modernise the Russian higher education infrastructure. This requires that we should drastically change the organisational scheme of managing the university infrastructure. The PPP mechanism stipulates involving private business in campus facility management. This is a distinctly new approach not applied before in the Russian higher education system.

The key element of such approach is developing an efficient business model whose quality can be proved by successful project implementation. Developing a commercially successful business model is contingent on active communication among regional authorities, investors, universities, student and urban communities, and taking care of their interests and needs. Additionally, this imposes additional requirements for universities obliged to predict the demand for educational, scientific and housing infrastructure for the next 15-20 years, which is not a trivial task.

The regional teams have already started developing financial and economic models and architectural solutions for university campuses. Investors and banks are emphasising the particular importance of trust-based relationships between universities, investors and public authorities critical for the project implementation. In their turn, they are ready to take on investment risks inherent in campus projects.

Managing Director of VEB.RF’s Russian Government Agent Office Mikhail Alashkevich emphasised the campus role in preserving and augmenting the human capital: “To make the project viable, campuses should attract both foreign and non-resident students and a national talent pool. That is why we should focus not only on preserving the human capital, but also on attracting the best students, researchers and young scientists to the region. This will help to increase the region’s competitiveness, including through synergy generated from the cooperation of universities, research institutes, federal and regional authorities, and private business. VEB.RF is the project operator in its capacity as agent for the Government of the Russian Federation. It will help to structure campus projects based on the PPP and concession models. It is a large-scale project with a total value of 500 billion roubles earmarked for campus infrastructure.”


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