2017IOP Conference Series Earth and Environmental ScienceOpen access

Financing the construction of transport infrastructure as the basis for sustainable development of the regional economy

Elena Nidziy

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Abstract

Dependence of the regional economic development from efficiency of financing of the construction of transport infrastructure is analyzed and proved in this article. Effective mechanism for infrastructure projects financing, public and private partnership, is revealed and its concrete forms are formulated. Here is proposed an optimal scenario for financing for the transport infrastructure, which can lead to positive transformations in the economy. Paper considers the advantages and risks of public and private partnership for subjects of contractual relations. At that, components for the assessment of economic effect of the implementation of infrastructure projects were proposed simultaneously with formulation of conditions for minimization risks. Results of the research could be used for solution of persistent problems in the development of transport infrastructure, issues of financial assurance of construction of infrastructure projects at the regional level.

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What this paper is about

Dependence of the regional economic development from efficiency of financing of the construction of transport infrastructure is analyzed and proved in this article. Effective mechanism for infrastructure projects financing, public and private partnership, is revealed and its concrete forms are formulated. Here is proposed an optimal scenario for financing for the transport infrastructure, which can lead to positive transformations in the economy. Paper considers the advantages and risks of public and private partnership for subjects of contractual relations. At that, components for the assessment of economic effect of the implementation of infrastructure projects were proposed simultaneously with formulation of conditions for minimization risks. Results of the research could be used for solution of persistent problems in the development of transport infrastructure, issues of financial assurance of construction of infrastructure projects at the regional level.

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Available abstract

Dependence of the regional economic development from efficiency of financing of the construction of transport infrastructure is analyzed and proved in this article. Effective mechanism for infrastructure projects financing, public and private partnership, is revealed and its concrete forms are formulated. Here is proposed an optimal scenario for financing for the transport infrastructure, which can lead to positive transformations in the economy. Paper considers the advantages and risks of public and private partnership for subjects of contractual relations. At that, components for the assessment of economic effect of the implementation of infrastructure projects were proposed simultaneously with formulation of conditions for minimization risks. Results of the research could be used for solution of persistent problems in the development of transport infrastructure, issues of financial assurance of construction of infrastructure projects at the regional level.

Key concepts: General partnership, Critical infrastructure, Sustainable development, Public–private partnership, Transport infrastructure, Business, Finance, Public infrastructure

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