Capital investments in the context of sustainable development of railways

Abstract

Ukraine, due to its geographical position and developed transport infrastructure, has significant potential as a transit country, primarily in the supply chain of trade between Asia and Europe. According to the estimates of the British Institute for Transport Rendell Ukraine, the transit coefficient of Ukraine is 3,75 (with a maximum of 5); This is the best indicator among the countries of Europe (for comparison, in Poland, which occupies the second place, this indicator is 2,92).Nowadays, Ukraine uses its transit potential extremely insufficiently and inefficiently; over the past 10 years, the volume of transit traffic through the territory of Ukraine has declined by more than 2,5 times, primarily due to the fall in transit traffic by rail. One of the reasons for this situation is, of course, the general political and economic situation in the country. However, there are a number of other negative factors that prevent Ukraine from fully and effectively using its transit potential. These problems lie both in the purely technical plane (deterioration of transport infrastructure and rolling stock, lack of capacity of the main transport routes, underdevelopment of logistics terminals in the country and at land borders, difference in width with the European railway system) and the legislato-thick (high level of port dues, bureaucratization and regulation of customs procedures, lack of flexible tariff policy for carriers, etc.).

Some Issues of the Project Analysis of Options for the Implementation of European Standard Railways in Ukraine

“…The geographical position and the developed network of railways of Ukraine provide a significant transit potential for the development of cargo transportation in the Asia-Europe logistics chain. The British Institute for Transport Problems determined the transit ratio of Ukraine in the amount of 3.75, with a maximum value of 5 (for Poland, this indicator is equal to 2.92) (Kharchenko et al, 2019). In this context, the strategic goal of infrastructure projects of rail transport emerges, which consists in maintaining and creating favorable conditions for international trade, facilitating the movement of goods, and ensuring the needs of the population in passenger transportation by rail.…”