Abstract
The decline in the volume of passenger traffic, the critical level of financial condition, and the depreciation of the material and technical base caused a significant economic downfall of the railway transport. The reorganization of structural units is intended to improve the quality of service provision, which affects the final demand of consumers, which influences the volume and profitability of passenger transportation. The author suggests applying the principles of the organization of the revenue account from passenger transportation, exempt from VAT, to reduce its loss ratio amid organizational and structural transformations during the reshaping of passenger transport segment. Increasing the competitiveness of passenger rail transportation will contribute to the economic development of the entire nation.
Highlights
The economic crisis in Ukraine has caused a substantial economic downfall in the transport
The volume of transportation has been declining, the financial condition of the industry has reached a critical level, the material and technical base is wearing out, which stresses the needs for reconstruction, repair and maintenance
The issues of improving the efficiency of passenger rail transportation and ensuring its competitiveness were considered by such scientists as Yu.S
Summary
The economic crisis in Ukraine has caused a substantial economic downfall in the transport. The volume of transportation has been declining, the financial condition of the industry has reached a critical level, the material and technical base is wearing out, which stresses the needs for reconstruction, repair and maintenance. A decline in demand for passenger transport, multiple increase in prices for material resources, which leads to a significant reduction in real income of transport; loss of the competitive edge in the transportation market; aggravation of the issue of financing the technical and technological modernization of the passenger sector; underperformance of the passenger complex operation, which is connected, first of all, with the slow resolution of issues of adjustment with the scope of work performed by maintenance personnel and fixed assets, infrastructure, as well as low rates of implementation of resource saving technologies, etc
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