Transport infrastructure reforming is of great importance for Ukraine given the economic and geographical position of the country and its strategic position on the world stage as well as for its long-term internal development. The article considers extensive railway network as a competitive advantage of Ukraine's economy. Extensive railway infrastructure availability is a potential area for economic growth in the future for Ukraine. Railway transportations market of Ukraine is considered deeply highlighting its main problems. Only cooperation with transport networks of other countries enables Ukraine's transport potential to be fully fulfilled. Current situation regarding Ukraine-EU Association Agreement requirements fulfillment is considered. Implementation progress for various areas is presented, but most attention is paid to transport and infrastructure. The essence and role of financial resources for Ukrainian railway infrastructure development on the way to European integration are substantiated. The priority actions necessary for railway infrastructure financing mechanism reorganization are proposed. Railway infrastructure in need of modernization as well as insufficient funding for railway industry affects pricing, as railway infrastructure is not only a key capacity for railway undertakings, but also a capacity that is part of a strategically important industry, leading to unsatisfactory national economy and even decreases country's defense capabilities to some extent. The need for effective railway infrastructure financing mechanism, in particular through the state support system is defined.
Index Terms — railways, railway infrastructure, railway infrastructure financing, public finances involvement.
Investment atlas – Transport sector (Opportunities 2020 in Ukraine) Retrieved form: https://issuu.com/oksanamedynska/docs/investatlas (accessed 15.03.2021)
Taotao Deng (2013) Impacts of Transport Infrastructure on Productivity and Economic Growth: Recent Advances and Research Challenges. Transport Reviews, 33. DOI: https://doi.org/10.1080/01441647.2013.851745
Korin M.V., Ovchynnikova V.O., Tokmakova I.V. (2020) Napriamky ta instrumenty derzhavnoho rehuliuvannia stratehichnoho rozvytku zaliznychnoho transportu [Approaches and tools of state regulation for railway transport strategic development]. Transport Economics and Industry, 69, 114-122.
Shyba O.A. (2017) Vplyv rozvytku transportnoi infrastruktury na ekonomichne zrostannia krain-chleniv Yevropeiskoho Soiuzu [Transport infrastructure development impact on the economic growth among European Union member states]: abstract for economic sciences candidate dissertation / Ivan Franko Lviv National University, Lviv, p. 20.
M. Sasidharan, Dr. M. P.N. Burrow, Dr. G. S. Ghataora, Dr. M.E. Torbaghan, (2017) A Review of Risk Management Applications for Railways. 14th International Conference of Railway Engineering, Edinburgh, 1-11. DOI: 10.25084/raileng.2017.0065
Peetawan W., Suthiwartnarueput K. (2018). Identifying factors affecting the success of rail infrastructure development projects contributing to a logistics platform: A Thailand case study. Kasetsart Journal of Social Sciences, 39 DOI 10.1016/j.kjss.2018.05.002
Ahi M., Yildiz K. (2018). Determining performance criteria of railway market: a case study. Journal of Open Innovation: Technology, Market, and Complexity 4:6 DOI 10.1186/s40852-018-0084-5
Xuemei L., Alam K., Wang S. (2018). Trend Analysis of Pakistan Railways Based on Industry Life Cycle Theory. Journal of Advanced Transportation, 2 DOI 10.1155/2018/2670346
State agency «Agency for the development of the stock market infrastructure of Ukraine». Retrieved form http://smida.gov.ua (accessed 19.03.2021);
Pulse of the EU Agreement: monitoring the implementation of the action plan for the implementation of the EU Agreement Retrieved form http://pulse.eu-ua.org/ua/streams/transport (accessed 09.03.2021).
"Drive Ukraine 2030" - the National Transport Strategy. Retrieved form: https://mtu.gov.ua/files/projects/str.html (accessed 15.03.2021)
Osnovni aspekty stratehii rozvytku PAT «Ukrzaliznytsia» 2017-2021 roky [The main aspects of PJSC "Ukrzaliznytsia" development strategy for 2017-2021]. JSC "Ukrzaliznytsia". Retrieved form: http://www.uz.gov.ua/about/general_information/ (accessed 15.03.2021)
UZ Infrasturktura AT «Ukrzaliznytsia» [Ukrainian railways infrastructure of JSC “Ukrzaliznytsia”]. Retrieved form: https://cfts.org.ua/files/Session_3_Infrastructure.pdf (accessed 15.03.2021)
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
Copyright (c) 2021 Kateryna Stasiuk, Yevhen Krykavskyy