DEVELOPMENT OF THE ROAD SECTOR OF UKRAINE THROUGH IMPLEMENTATION OF INVESTMENT-INFRASTRUCTURE PROJECTS

Abstract

The article considers theoretical and practical aspects of the transport sector development of the Ukrainian economy. It is determined that one of the prerequisites for the effective functioning and growth of the national economy is the high level of its infrastructure development. And the need for renewal anddevelopment of the road network is constantly increasing. It is  determined that at present, Ukraine needs serious measures and reforms aimed at improving both general logistics conditions: customs performance indicators, infrastructure improvements, international supply, increased ability to track deliveries and increase the competence of logistics service providers, as well as individual sectors, in the first turn of the road and rail: improving their efficiencyand ensuring functioning on a stable financial basis.The model of the investment impact in the transport system on economic growth is given and analyzed. One of the target areas is to improve the provision of transport links, operation of roads and road safety for their users and improve the management of the network of roads in Ukraine by investing in the modernization of the networks of roads – the implementation of investment infrastructure projects. The modern process of an effective competitive market of transport services formation and the contraction of the balanced transport system by transport types are considered. The Budget Code of Ukraine and the laws on the state budget provided for the accumulation in the special fund of the State Budget of Ukraine of relevant fees, taxes and payments. Subsequently, these revenues were transferred to the State Road Fund, from which expenditures on construction, reconstruction, repair and maintenance of roads were carried out. Since 2015, there have been radical changes in the approaches to budget financing, which Ukravtodor is financed directly from the general fund of the state budget without the imposition of taxes and fees from users under the special fund. Without a clear-cut policy of financing the road sector, this has led to difficulties in planning for improving and maintaining a network of roads due to the lack of information on likely financing levels. The electronic charging mechanisms for the roads use are defined. When introducing e-commissioning fees for using roads, there are several problems that can weaken or prevent the introduction of this system.