Articles

Investing in road construction infrastructure projects under public-private partnership in the form of concession

User Rating:  / 1
PoorBest 

Authors:


O.Tsimoshynska, orcid.org/0000-0002-2277-3317, Interregional Academy of Personnel Management, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

M.Koval, orcid.org/0000-0003-4544-6834, Interregional Academy of Personnel Management, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

H.Kryshtal, orcid.org/0000-0003-3420-6253, Interregional Academy of Personnel Management, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

L.Filipishyna, orcid.org/0000-0001-9552-1367, National university of life and environmental sciences of Ukraine, Kyiv, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

W.E.Arsawan, orcid.org/0000-0001-8493-5249, Politeknik Negeri Bali, Bali, Indonesia, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

V.Koval, orcid.org/0000-0003-2562-4373, Odesa Institute of Trade and Economics of Kyiv National University of Trade and Economics, Odesa, Ukraine, e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.


повний текст / full article



Naukovyi Visnyk Natsionalnoho Hirnychoho Universytetu. 2021, (2): 184 - 192

https://doi.org/10.33271/nvngu/2021-2/184



Abstract:



Purpose.
To substantiate an approach to road development investment management in Ukraine in compliance with the principle of syncretism and the use of Quality Function Deployment methodology, to improve the methodological approach to calculating the concession fee for brown-field and green-field road concession projects.


Methodology.
The study used a set of general and special methods of cognition: the Quality Function Deployment (QFD) method, the environmental approach, multimodal analysis, Decoupling Index, Decoupling Factor, logical generalization, quantitative and qualitative comparison, scientific abstraction and systematization.


Findings.
According to the results of research on interrelation of cost of an investment project and volumes of works by their types, an economic-mathematical model of estimation of need for investments in projects for construction, reconstruction, repair and maintenance of public motor roads is offered. The proposed model, unlike the existing ones, is based on lateral understanding of the clarity of delineation of capital needs by type of road construction, which will provide taking management decisions on investment projects with model and information tools that will help obtain the most realistic assessment of need for capital needed to improve the transport operation condition of motor roads in Ukraine.


Originality.
The organizational-economic mechanism of management of investment activity of road economy and the estimation of efficiency of co-financing investment projects under programs on construction, reconstruction, repair and maintenance of motor roads is advanced. The diagnostics of efficiency of investment of construction of public motor roads under public-private partnership in the form of concession is improved.


Practical value.
The results of the study can be used in the activities of road industry of Ukraine for the development and implementation of investment projects under motor road development programs.



Keywords:
motor roads, investments, investment activity management, infrastructure projects, public-private partnership

References.


1. Laishram, B.S., & Kalidindi, S.N. (2009). Desirability rating analysis for debt financing of publicprivate partnership road projects. Construction management and economics, 27(9), 823-837. https://doi.org/10.1080/01446190903222387.

2. Eurostat (2018). Enlargement countries-transport statistics Retrieved from https://ec.europa.eu/eurostat/statistics.

3. Rekova, N., Dolozina, I., Nitsenko, V., Zaitsev, Y., & Zamlynskyi, V. (2018). Budgetary revenue structure at central level of public administration in the federal countries. Administratie si Management Public, 30, 37-50. https://doi.org/10.24818/amp/2018.30-03.

4. Rokicki, B., & Stpniak, M. (2018). Major transport infrastructure investment and regional economic developmentAn accessibility-based approach.Journal of Transport Geography, 72, 36-49. https://doi.org/10.1016/j.jtrangeo.2018.08.010.

5. Stroiko, T., & Bondar, V. (2017). Transport infrastructure of Ukraine: The modern realities and development prospects.Baltic Journal of Economic Studies,3(2), 141-146. https://doi.org/10.30525/2256-0742/2017-3-2-141-146.

6. Revoltella, D., Brutscher, P.B., Tsiotras, A., & Weiss, C. (2016). Infrastructure investment in Europe and international competitiveness. EIB Working Papers. Retrieved from https://www.eib.org/attachments/efs/economics_working_paper_2016_01_en.pdf.

7. Chukurna, O., Nitsenko, V., Kralia, V., Sahachko, Y., Morkunas, M., & Volkov, A. (2019). Modelling and Managing the Effect of Transferring the Dynamics of Exchange Rates on Prices of Machine-Building Enterprises in Ukraine. Polish Journal of Management Studies, 19(1), 117-129. https://doi.org/10.17512/pjms.2019.19.1.09.

8. Ieromyna, M.O., Karacharova, K.A., Kirdina, O.G., Dykan, V.V., & Bilous, L.B. (2018). Financial Prerequisites for the Implementation of EU Directives at the Railway Transport in Ukraine.International Journal of Engineering and Technology, 7(4.3), 603-606. https://doi.org/10.14419/ijet.v7i4.3.19965.

9. Chukurna, O., Nitsenko, V., Kralia, V., Sahachko, Y., Morkunas, M., & Volkov, A. (2019). Modelling and Managing the Effect of Transferring the Dynamics of Exchange Rates on Prices of Machine-Building Enterprises in Ukraine. Polish Journal of Management Studies, 19(1), 117-129. https://doi.org/10.17512/pjms.2019.19.1.09.

10. Nitsenko, V., Kotenko, S., Hanzhurenko, I., Mardani, A., Stashkevych, I., & Karakai, M. (2020). Mathematical Modeling of Multimodal Transportation Risks. In: Ghazali R., NawiN., Deris M., Abawajy J. (eds). Recent Advances on Soft Computing and Data Mining. SCDM 2020. Advances in Intelligent Systems and Computing, 978, (pp. 439-447). Springer, Cham. https://doi.org/10.1007/978-3-030-36056-6_41.

11. State Agency of Motor Roads of Ukraine (2017). Report of the 20142017. Retrieved from https://www.kmu.gov.ua.

12. Kalinichenko, A., Havrysh, V., & Nitsenko, V. (2019). Alternative Vehicle Fuel Management: Impact on Energy Security Indicators. In: Krakowiak-Bal, A., & Vaverkova,M. (Eds.). Infrastructure and Environment, (pp. 367-374). Springer, Cham. https://doi.org/10.1007/978-3-030-16542-0_45.

13. Andriushchenko, K., Tepliuk, M., Boniar, S., Ushenko,N., & Liezina, A. (2019). Influence of cost drivers on value-oriented management of investment activity of companies. Investment Management and Financial Innovations, 9(1), 353-364. https://doi.org/10.21511/imfi.16(3).2019.31.

14. Laird, J.J., & Venables, A.J. (2017). Transport investment and economic performance: A framework for project appraisal. Transport policy, 56, 1-11. https://doi.org/10.1016/j.tranpol.2017.02.006.

15. Hutsaliuk, O., Koval, V., Tsimoshynska, O., Koval, M., & Skyba, H. (2020). Risk Management of Forming Enterprises Integration Corporate Strategy. TEM Journal, 9(4), 1514-1523. https://doi.org/10.18421/TEM94-26.

16. Vochozka, M., Rowland, Z., & Vrbka, J. (2016). Financial analysis of an average transport company in the Czech Republic.NAE MORE, 63(3), 227-236. https://doi.org/10.17818/NM/2016/SI28.

17. Arata, M., Petrangeli, M., & Longo, F. (2016). Innovative approaches to implement road infrastructure concession through Public-Private Partnership (PPP) initiatives: a case study. Transportation Research Procedia, 14, 343-352. https://doi.org/10.1016/j.trpro.2016.05.086.

18. Goncharuk, A.G., Havrysh, V.I., & Nitsenko, V.S. (2018). National features for alternative motor fuels market. International Journal of Energy Technology and Policy, 14(2/3), 226-249. https://doi.org/10.1504/IJETP.2018.090681.

19. Kwilinski, A., Ruzhytskyi, I., Patlachuk, V., Patlachuk,O., & Kaminska, B. (2019). Environmental Taxes as a Condition of Business Responsibility in the Conditions of Sustainable Development. Journal of Legal, Ethical and Regulatory Issues, 22(25), 1-6. Print ISSN: 1544-0036; Online ISSN: 1544-0044.

20. Villalba-Romero, F., & Liyanage, C.L. (2016). Evaluating success in PPP road projects in Europe: a comparison of performance measurement approaches. Transportation Research Procedia, 14, 372-381. https://doi.org/10.1016/j.trpro.2016.05.089.

 

Visitors

3613084
Today
This Month
All days
503
35155
3613084

Guest Book

If you have questions, comments or suggestions, you can write them in our "Guest Book"

Registration data

ISSN (print) 2071-2227,
ISSN (online) 2223-2362.
Journal was registered by Ministry of Justice of Ukraine.
Registration number КВ No.17742-6592PR dated April 27, 2011.

Contacts

D.Yavornytskyi ave.,19, pavilion 3, room 24-а, Dnipro, 49005
Tel.: +38 (056) 746 32 79.
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
You are here: Home