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Instruments and mechanisms for the modernization of the transport infrastructure: foreign experience and Ukrainian realities

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  • O. Nykyforuk

Abstract

Based on the foreign experience of the modernization of the transport infrastructure, the author justifies the need of state support in the sphere of modernization of the transport infrastructure in Ukraine. The article proves the statement that the beginning of XI century may be considered as a period of great infrastructure modernization both in the developed and in the developing countries. The author analyses the dynamics of investments in fixed capital of the transport sector in the EU Member States, in Russia and in Ukraine in 2005-2011. Using the corresponding foreign experience, projects and introductions of transport strategies, the author systematizes the methods of modernization and management of transport infrastructure. The article investigates the modern financial mechanisms and those uses for the modernization and development of transport infrastructure in the world. The author defines various priority guidelines for prospective financing of Ukraine's transport infrastructure.

Suggested Citation

  • O. Nykyforuk, 2012. "Instruments and mechanisms for the modernization of the transport infrastructure: foreign experience and Ukrainian realities," Economy and Forecasting, Valeriy Heyets, issue 3, pages 64-78.
    • Handle: RePEc:eip:journl:y:2012:i:3:p:64-78
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