Features of Investing in Reconstruction of Reclamation Objects by the Example of Irrigation Systems of the Saratov Region

Abstract

The economic mechanisms for stimulating the national economy spheres, implemented in the Russian Federation, in particular the agricultural sector, require the need to revise the vector of using the existing irrigation facilities as part of the existing strategy for the development of land reclamation in the country. A sharp increase in energy prices, a decrease in the production of irrigation equipment, its cost, and accelerated aging of all reclamation facilities have identified the importance of the problem concerning rational use of reclaimed land. In this vein, the tasks of increasing the technical level of irrigation systems, improving the reliability and environmental friendliness of their operation through technical re-equipment and reconstruction of existing reclamation systems, building new and implementing innovative technologies for cultivating crops are becoming urgent. Financing of land reclamation measures that ensure the effectiveness of options for the development of the reclamation fund should be considered through the means of budgets of different levels and the intensification of attracting extrabudgetary investments by increasing the investment attractiveness of the reclamation sector in the economy. The value of specific capital investments in the development of the reclamation complex considering current prices has been clarified. A capital investments effectiveness assessment (feasibility study) for the reconstruction of the irrigation system by the example of the Komsomolsky irrigation system in the Saratov region was carried out.