| Potentials of project financing projects | Potencijali projektnog finansiranja projekata |
| Management, [pdf] | Menadžment, [pdf] |
| ID: 7.2008.49-50.4 Number: 49-50 Volume: XIII Month: 12 Year: 2008 UDC: 005.8 [tmx] [bow] |
Slađana Benković
Institution: Faculty of Organizational Sciences, Belgrade
Mail: benko@fon.bg.ac.yu | Slađana Benković
Institucija: Fakultet organizacionih nauka u Beogradu
E-pošta: benko@fon.bg.ac.yu |
Abstract
As a model of financing of a project, project financing is being widely used in both developed countries and developing
countries, especially in case of the capital intensive investment projects. Project financing is superior compared to direct investments
and other models of financing, which makes it attractive and appealing way of project financing. Project financing
helps putting to use the funds in many infrastructural projects in the different industry fields in both public and private
sectors, for the purpose of improving the quality, efficiency and effectiveness of investments. This model takes into consideration
only the investment justifiability and the results of projects, not the previous period of the company`s activity. The
increasing number of investors in the Republic of Serbia, as well as an increasing demand for investing in industrial and infrastructural
projects gave rise to project financing as a model of financing. To make the implementation of this way of financing
possible, the Republic of Serbia created a respective legal framework. Based on the previously mentioned facts, this
model of financing could be applied on infrastructural projects, such as transport, energy, irrigation, soil improvement,
telecommunications, oil and gas refinement, projects on education and health care, but also on investments in housing and
business premises. The purpose of this paper is to point out the potentials of project financing as one mode of financing and
its contribution to economic development. | Apstrakt
Projektno finansiranje kao način finansiranja projekata, primenjuje se danas u visoko razvijenim zemljama, ali i u
zemljama u razvoju, za finansiranje kapitalno intezivnih investicionih projekata. To ukazuje na njegovu superiornost
u poređenju sa direktnim investiranjem, i drugim oblicima ulaganja, te ga čini atraktivnim i aktuelnim vidom finansiranja
projekata. Projektnim finansiranjem mobilišu se sredstva za finansiranje industrijskih i infrastrukturnih projekata
u različitim privrednim granama iz privatnog i javnog sektora, u cilju unapređenja nivoa kvaliteta, efikasnosti
i efektivnosti ulaganja. Povećanjem broja investitora u Republici Srbiji, i razvojem potreba za unapređenjem i izgradnjom
infrastrukture, ukazala se potreba i za projektnim finansiranjem, koje se ne zasniva samo na sagledavanju
poslovanja preduzeća u prethodnom periodu, već se bavi i sagledavanjem opravdanosti i efektima ulaganja u sam
projekat. Istovremeno, u Republici Srbiji su stvoreni zakonski okviri za realizaciju ovoga vida finansiranja. Shodno
tome, ovaj vid finansiranja posebno bi doprineo unapređenju procesa finansiranja izgradnje infrastrukturnih projekata
kao što su ulaganja u sektor energetike, transporta, navodnjavanja, meliorizacije, telekomunikacija, prerade i koriš}
enja nafte i gasa, projekte obrazovanja i zdravstvene zaštite, ali i unapređenju ulaganja u projekte poslovanja i
podrške poslovanju, kao što su ulaganja u poslovne i stambene jedinice. Radom se želi ukazati na potencijale projektnog
finansiranja, kao modaliteta finansiranja koji može doprineti unapređenju ekonomskog razvoja. |
| Pages: 31-38 | Strane: 31-37 |