Abstract

 
 
 The article is devoted to the clarification of the peculiarities of the use of investment instruments for the development of the water supply and wastewater sector in Ukraine. The sphere of water supply and wastewater of Ukraine requires significant investments for the renewal of fixed assets of water supply and wastewater enterprises, reconstruction and development of engineering infrastructure, introduction of the latest technologies, improvement of the quality of services, etc. The authors consider the concept of investment, investment activity, investment program in the general context and in the field of water supply and wastewater. The structure of planned volumes of financing of measures of investment programs of water supply and wastewater enterprises in 2018 is being analyzed. Issues of application of other modern financial and economic mechanisms in the field of water supply and wastewater are considered. The article analyzes the state of realization of public-private partnership in the field of water supply and wastewater on the basis of statistical data. Investment approaches based on participative financing, which involves the use of financial resources not only of the state but also of local communities, business and civil society institutions, and financing through the use of opportunities of the market of debt obligations, including at the expense of the issue of municipal securities in the form of bonds of a local loan.
 
 
Highlights
The current state of the water supply and wastewater system in Ukraine is characterized by such criteria as a lack of financial resources necessary for the proper operation and maintenance of water supply and wastewater systems, unsatisfactory technical condition of structures and equipment, imperfection of the structure of industry management and regulatory framework to ensure its reliable and efficient functioning
The process of decentralization of power in Ukraine, which proceeds simultaneously with the process of reforming local self-government, administrative-territorial structure and state regional policy, as well as carrying out sectoral reforms, should include conditions for the transfer of functions in the field of water supply and wastewater, investment development, public-private partnerships at lower levels of governance with specific mechanisms for their implementation. Another approach that allows solving the problems of implementing investment projects in the field of water supply and wastewater, based on participative financing, which involves the use of financial resources of the state, and of local communities, businesses and civil society institutions
The main source of investment in the field of water supply and wastewater is the profits of water supply and wastewater companies, whose activities are the subject of state regulation in Ukraine
Summary
The current state of the water supply and wastewater system in Ukraine is characterized by such criteria as a lack of financial resources necessary for the proper operation and maintenance of water supply and wastewater systems, unsatisfactory technical condition of structures and equipment, imperfection of the structure of industry management and regulatory framework to ensure its reliable and efficient functioning. The process of decentralization of power in Ukraine, which proceeds simultaneously with the process of reforming local self-government, administrative-territorial structure and state regional policy, as well as carrying out sectoral reforms, should include conditions for the transfer of functions in the field of water supply and wastewater, investment development, public-private partnerships at lower levels of governance with specific mechanisms for their implementation Another approach that allows solving the problems of implementing investment projects in the field of water supply and wastewater, based on participative financing, which involves the use of financial resources of the state, and of local communities, businesses and civil society institutions. The role of the state in determining the directions of investment development in the sphere of water supply and wastewater must remain crucial in the normalization, organization and coordination of processes
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