Financial aspects of transport infrastructure development in regions

Abstract

The level of economic development depends on many factors, among which infrastructure, including railway transport, is the key one. Financing of infrastructure-related projects on the regional level encourages economic growth. However, different level of overall development of subject of the Russian Federation causes inequality in the level of transport infrastructure development and makes common approach to its financing inapplicable. The necessity appears to build a model of financing for transport-related infrastructure with the use of statistical data and mathematical approach with the account of regional market peculiarities. Due to selection of indicators affecting economic growth and building parametric factor model, classification of financing on subfederal level was carried out, which makes it applicable for states with federal structure.