State financial support for bridge construction of territorial units

Abstract

Financial security has always been, is and will be the most painful topic for those who do not have their own funds. This applies to absolutely all sectors of the economy, all industries, all countries. When it comes to large-scale projects, including bridge construction, for Ukrainian realities it becomes a real test. In the context of the COVID-19 pandemic challenges, the problem of financial security is particularly acute, especially when it comes to poor regions that are unable to selffinance themselves and survive only on state financial support. Therefore, this section considers the problem of distribution of state financial support on the basis of the integrated approach. The answer to the research question is given: «What components should be included in the methodology for determining state financial support.» The comprehensive method for determining the share of public funds, which takes into account the investment attractiveness of the region and its risk, is proposed. Since the problem of financing the construction and reconstruction of bridges is relevant for a number of countries, this technique was tested on the example of bridge construction. According to the results obtained, the state financial support includes territorial units that are not leaders in priority for an investor and have a high level of risk in investing funds. The integrated approach allowed to identify 10 territorial centers for funding, with the areas with the worst priority indicators receiving the largest share of financial state support.