Abstract
Changes in the Russian and global economies have been affecting all sectors. Neither the transport industry nor the construction one is an exception. These industries are budget-forming, and all participants in business processes should be interested in their strategic development. In order for the federal projects developed by the Ministry of Transport to be effective, a new project funding approach is required. Industries and companies have limited financial resources. The Russian Railways company is no exception due to its limited budgetary funds and own financial capabilities. It is necessary to develop effective mechanisms for funding railway infrastructure projects. Project funding mechanisms can be innovative ways of funding large-scale infrastructure projects, since they are based on a combination of banking, commercial and public resources. Project funding can unite financial resources and competences of project participants. In addition, qualified financial institutions will be involved in project funding transactions, which ensures the timely project implantation. Project funding mechanisms allow for a comprehensive project assessment, since the lender confirms the economic feasibility of the project. Project effectiveness evaluation has become relevant after the adoption of a strategy for the development of railway transport in the Russian Federation until 2030. Polygon technologies are promising for Russian Railways and used by the Trans-Siberian Railways.
Highlights
The economic and social development of Russia is at the stage of deep transformations
Limited budgetary funds and own financial capabilities prevent them from choosing effective project funding mechanisms for the development of railway infrastructure
It should be noted that budget funds cannot meet the financing needs of infrastructure projects, a mixed funding mechanism is required
Summary
The economic and social development of Russia is at the stage of deep transformations. It is important to develop a model that would strengthen the world position of the country. These measures were declared by the President of the Russian Federation. They are aimed at creating a "smart economy" that would contribute to the advanced development of science. It is important to note that in spite of the ongoing activities, some industries and sectors of the economy are characterized by poorly developed infrastructures. Within the sixth technological order, the requirements for transport communications will become stricter. The world economic system has already entered the development cycle of the sixth technological order, which affects the global modernization of the world transport system
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