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The effects of COVID-19 pandemic on the performance of airport renovation projects: the case of Pulkovo Airport
Transportation Research Procedia. 2023. Vol. 75. P. 115–125.
Boris A. Lodiagin, Carlos J. Rincon
This paper explores the effects of the COVID-19 pandemic on the performance of airport renovation projects. The research examines the case of the renovation project of the Saint Petersburg's Pulkovo Airport in Russia, which started in 2010 within the concession agreement of the Northern Capital Gateway and the Government of Saint Petersburg until 2040, and raises the question of how this pandemic influenced the performance of Pulkovo airport renovation project. A Cost-benefit analysis and its sensitivity analysis were used to determine how restrictive measures against the spread of COVID-19 affected the profitability and social indicators generated by Pulkovo Airport. The social effect of infrastructure renewal was determined in accordance with the Efficient Time Allocation and Generalized Cost of Travel theories. The study reveals a decrease in the Net Present Value (NPV) of the renovation project due to changes in the trends of passenger traffic and the number of take-off and landing operations, a decrease in the growth rate of airport revenue and a partial reduction in operating costs. The expected Social NPV of the project decreased by 94.32 percent, and the benefit-cost ratio was drastically reduced to 1.33, from a 4.06, had the pandemic not developed. The sensitivity analysis suggests a shift in the key variables that affect the performance of the analyzed infrastructure project.
Matveeva N., Yudkevich M., Higher Education 2026 P. 1–20
This study draws on neo-institutional theory and the convergence/divergence debate in higher education research to examine whether public and private universities in EU candidate countries converge or diverge in their research activity and collaboration patterns. We analyse Scopus-indexed publication data for 43 universities across Albania, Bosnia and Herzegovina, Georgia, North Macedonia and Serbia for the ...
Added: August 19, 2026
Biryukova O. V., Barzunov D., Pautov A., Проблемы Дальнего Востока 2026 № 4
The formation of new transcontinental transport arteries intensifies geoeconomic competition in Eurasia and requires the development of sustainable models of investment cooperation. The Chinese Belt and Road Initiative and the International North—South Transport Corridor represent distinct institutional concepts for infrastructure financing, differing in their sources of capital, degree of centralization, and mechanisms of risk allocation. ...
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This publication prepared by the Russian Cluster Observatory of the National Research University Higher School of Economics Institute for Statistical Studies and Economics of Knowledge is a followup of the 2021 publication dedicated to the statistical measurement of the creative economy of Moscow.
It provides the basic economic indicators of Moscow’s creative industries, assessment of the ...
Added: August 13, 2026
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Стремительное развитие генеративного искусственного интеллекта (генИИ) усилило дискуссии о том, как новые технологии трансформируют рынок труда, особенно позиции и задачи, которые еще недавно мог выполнять только человек. Эксперименты показывают, что генеративный ИИ может обеспечить значительный прирост производительности, особенно менее квалифицированных сотрудников, что может приводить к возникновению индивидуальной зарплатной отдачи на рынке труда. Впервые для России ...
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Puchkov E., Knyaginina N., М.: Национальный исследовательский университет "Высшая школа экономики", 2026.
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Added: August 11, 2026
Междуреченск: Кузбасский государственный технический университет им. Т.Ф. Горбачева, 2026.
В сборнике представлены материалы докладов по направлениям Международной научно-практической конференции «Современные тенденции и инновации в науке и производстве»: 1. Технологии и инновации в горной промышленности; 2. Экономика, управление, финансы; 3. Информационные системы и технологии; 4. Юный исследователь. Целью этой конференции является обмен передовым опытом, повышения квалификации их участников и, вместе с тем, это способ установления и укрепления научного сотрудничества среди ...
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Trade sanctions generate asymmetric shocks in developing economies, reshaping their integration into global value chains (GVCs). Using a gravity framework covering 68 developing countries over the period 2000–2021, this paper examines how sanctions affect forward and backward GVC linkages. We find that sanctions significantly reduce both dimensions of GVC participation: backward linkages suffer deeper and ...
Added: August 10, 2026
Boris A. Lodiagin, Varvara V. Nazarova, Rincon C. J., URBAN, PLANNING AND TRANSPORT RESEARCH 2026 Vol. 14 No. 1 Article 2629123
This study applies an established social cost–benefit analysis (CBA), combined with sequential shock scenarios (COVID-19 and the post-2022 sanctions) and Monte Carlo sensitivity analysis, to evaluate the welfare robustness and recovery dynamics of the Pulkovo Airport PPP renovation project (St. Petersburg, Russia). Using traffic, operations, and cargo forecasts through 2040, we compare a pre-shock baseline ...
Added: May 17, 2026
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The behavior of any real system is a process to a greater or lesser degree probabilistic. As a rule, it is impossible to specify exactly which external influences and internal mechanisms of interaction of the system components will be decisive in the future. As a consequence, we cannot accurately predict the behavior of the system. ...
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Урюпин И. В., Vlasenko A., Sukharev A., Экономика и математические методы 2025 Т. 61 № 4 С. 73–85
At present development of advanced civil aircraft is one of the key priorities in Russia. To become commercially successful advanced civil aircraft should provide competitive lifecycle costs. Accordingly, it requires balancing operational expenses and consumer-acceptable pricing during an aircraft design phase. However, price evaluation of a prospective aircraft with the analog method or the income ...
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Zamyatina N., Решетникова Л. Ф., Городские исследования и практики 2026 № 3
The article demonstrates that one of the unique aspects of transport accessibility in remote areas of the Sakha Republic (Yakutia) is the systemic impossibility of providing regular transport service, which is due to both natural conditions (use of winter roads, ice crossings, etc., dependent on weather) and the sparse population density. In the latter case, ...
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Mikhail V. Sokolov, Polyakova E., Annals of Finance 2025 Vol. 21 No. 4 P. 415–433
This paper introduces an interval-valued extension of the internal rate of return (IRR). This extension is motivated by the inability to assign to an investment project a particular rate of return satisfying a set of reasonable axioms. We demonstrate that there exists an essentially unique extension consistent with a natural set of axioms. Notably, in ...
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Гарипова Ф. Г., Zazdravnykh E., Здравоохранение Российской Федерации 2025 Т. 69 № 1 С. 12–19
Introduction. This article presents a model for assessing the economic effectiveness of preventive programmes implemented in the workplace and aimed at reducing the risk of illness among employees; we chose cardiovascular diseases (CVDs) for the purposes of exemplifying our model. The goal of the study is to develop a financial model (calculator) for assessing the ...
Added: September 19, 2025
Burhenne S., Tsvetkova O., Jacob D. et al., Building and Environment 2013 Vol. 4 No. 1 P. 143–154
Building performance simulation is most often used to improve the design and at times the operation of buildings. Within a building model, the thermal characteristics of the envelope and the HVAC (heating, ventilation, and air conditioning) equipment are described by parameters that often cannot be estimated with high accuracy (e.g., occupant behavior, building envelope and ...
Added: September 15, 2025
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This work is dedicated to testing the updated methodology for assessing the resilience of airport renovation projects to large-scale events, based on cost-benefit analysis. The methodology was adapted to the conditions of the Russian aviation sector and takes into account both passenger and cargo transportation. Based on the updated methodology, Pulkovo Airport was evaluated and ...
Added: March 21, 2025
Rincon C. J., Boris A. Lodiagin, Transportation Research Procedia 2024 Vol. 81 P. 229–239
This study evaluates the resilience of Pulkovo Airport and its renovation project in the face of international sanctions, comparing their effects with the preceding COVID-19 pandemic. Through cost-benefit and sensitivity analyses, we assess how pandemicrelated restrictions and sanctions in format of border closures influenced the project's profitability and the social benefits generated by the airport. ...
Added: December 22, 2024