Relationship between transport infrastructure expenditures and costs and transport indicators - an overview of European and Ukrainian situation

Abstract

Quality of transport infrastructure determines the quality of the provision of services for the transportation of goods and passengers. The infrastructure sector is a guarantee of efficiency, mobility and uninterrupted economic activity. However, the high quality of the transport infrastructure implies significant and long-term investments. According to a McKinsey research report, to support sustainable economic growth in the world in line with forecasts for 2030, it is necessary to cover the need for additional investment of $ 3.3 trillion annually, equivalent to 3.8% of world GDP. The purpose of this work is to analyze the existing European approach to assessing transport infrastructure expenditures and costs, their impact on transport performance at the country level, as well as trends in Ukrainian policy regarding the support and development of road infrastructure. Transport infrastructure costs include the investment in new infrastructure, the cost of upgrading the existing infrastructure, the cost of maintaining the infrastructure, and the operating costs to enable the use of the transport infrastructure. Directive 2011/76 / EU prescribes that the weighted average infrastructure charges should be linked to construction costs, as well as the costs of operation, maintenance and development of the corresponding infrastructure network. The official Eurostat data of investment and O&M costs of transport infrastructure based on the citizenship principle was taken for this study, namely: - the number of ton-kilometers traveled per year; - the volume of investments in road infrastructure per year; - the amount of funds for the maintenance of road infrastructure per year. The indicators were taken for countries of the EU for which statistics were available for 2016 and 2019. According to the study, the effect of investments in transport infrastructure is strongly manifested both in the same year and affects subsequent years in terms of the volume of annual transport work. That is, an increase in investment in road infrastructure clearly has a positive effect on the volume of transport work performed. On the other hand, the volume of investments in the EU infrastructure brings a much greater positive effect than funds for road maintenance. Thus, the experience of developed countries shows a positive relationship between investment in the maintenance and construction of transport infrastructure and economic performance of the state. Part of the research was devoted to the study of the impact of investments in road infrastructure of Ukraine on the example of the global Ukrainian infrastructure project "Big Construction". It is projected that in 2024, thanks to road works under the Big Construction, Ukraine's GDP will be 4.4% higher than GDP in 2020. But, as the research shows, good transport infrastructure is a necessary, but not a sufficient condition for growth. "Big Construction" project in Ukraine does not show any positive effect on the volume of performed internal transport work now. The reasons may lie both in more long-term effect from improving the infrastructure, and in the facts of corruption and theft of funds allocated for the project.