Conceptual framework for prioritizing financial support for road works and services

Abstract

Introduction. The transport and operational condition of the road network in Ukraine is currently in an unsatisfactory state. In addition, as a result of hostilities, traffic flows have been significantly reoriented, the distribution of cargo and passengers by mode of transport has changed, and the types and nature of cargo have changed, which in turn should be taken into account when restoring and developing the road network. At the same time, civilian traffic continues to move on public roads, which necessitates ensuring safe and comfortable passage of motor vehicles. Problem statement. Given the current transport and operational condition of the road network, a significant reduction in the level of funding for the road sector (which was forced to be reduced due to the allocation of the State Road Fund for the needs of the Armed Forces of Ukraine), there is an urgent need to review existing approaches to the distribution of funding for road works and services. Objective. To formulate a conceptual framework for prioritizing the financial support of individual road works and services projects, taking into account modern methods of economic analysis and cash flow discounting.

Keywords

• road
• bridge