CURRENT STATE AND FEATURES OF FINANCING OF THE ROAD SECTOR

Abstract

Urgency of the research. The main problem of the road economy remains its lack of financing. Target setting. The allocation of funds for new construction, reconstruction, repair and maintenance of public roads at the present stage carried out to ensure the sustainable functioning and balanced development of the network of public roads in the regions in accordance with the directions determined by the state strategy and state programs, according to the actual state of roads. Actual scientific researches and issues analysis. The theoretical and methodological foundations of the formation and usage of financial resources of the road sector are covered in the works of S. M. Shkarlet, A. V. Bazilyuk, N. P. Teslyuk, V. P. Ilchuk, Yu. S. Vdovenko, V. F. Skorchenko and others. Uninvestigated parts of general matters defining. Reforming the road sector in Ukraine is impossible without improving the mechanism of financing the road economy and adapting it to market conditions of management. The research objective. Current condition of the road network does not meet the needs of the economy by 97% and requires repair and maintenance. The statement of basic materials. The processes of degradation of the road network without taking appropriate measures in a few years may become catastrophic. Due to growth deficit of repairs restoration of technical characteristics of the road network requires more significant means. Conclusions. The main task of the development of the road sector is the definition and development of a strategy for effective financing of new construction, reconstruction and repair of roads of general use. The PPP allows the public sector to implement expertise from private companies, attracting their resources.