Abstract

The article deals with urgent problems of transport system development in Russia, paying the particular attention to inland waterway transport. The research is focused on the investment in the development of road infrastructure and methods of investing transport projects using public-private partnership mechanisms. The main reasons constraining the development of inland water transport in Russia are the insufficient amount of funds contributed to the development of the industry and their occasionally unreasonable use. In recent years, the world trend is to attract not only owners, but also infrastructure users to finance the inland waterway transport industry at a time when the financing gap is significant. The authors concluded that the simultaneous implementation of measures combining the introduction of fees paid by user and involving the improvement of water transport infrastructure through the public-private partnership mechanisms would promote attracting additional sources of investment. These investments will help to accelerate the industry modernization and implement the innovative scenario for the development of national economy. The authors developed the new model of state policy on attracting extra-budgetary sources of financing to the inland waterway transport industry.

Highlights

  • The need for the elaborated, reliable and modern transport infrastructure is a relevant issue in Russia

  • The analysis of foreign experience revealed that currently existing forms of investing into inland water transport do not allow fully implementing the plans for the development of the https://doi.org/10.10 51/matecconf /201823908009 industry even in such countries as Germany, the United States or China

  • The demand in updating the fixed assets of inland waterway transport is one of the most urgent practical issues restraining the development of river navigation in Russia

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Summary

Introduction

The need for the elaborated, reliable and modern transport infrastructure is a relevant issue in Russia. The country is experiencing significant restriction of the economy progress due to insufficient development of the transport system. The adverse influence of deep deterioration and obsolesce of the whole complex of waterway technical equipment on the stability and efficiency of inland water transport sector leads to the decrease in its potential. Application of modern forms and methods of attracting investments is capable to change this situation and provide the demanded level of rehabilitation of fixed assets belonging to inland water transport in Russia. The industry does not fully use the mechanism of public-private partnership that could allow the government to attract extrabudgetary sources of investment while maintaining control over strategically important facilities of transport infrastructure

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