Article

Received 24.04.2025

Revised 27.08.2025

Accepted 30.09.2025

Retrieved from Iss. 118, P. 1, 2025

Pages 270 -280

Sokolova, N., & Kozynets, V. (2025). FINANCING MECHANISMS OF INFRASTRUCTURE PROJECTS: OPTIMIZATION OF CASH FLOWS FOR LONG-TERM CONTRACTS. Automobile Roads and Road Construction, (118.1), 270-280. https://doi.org/10.33744/0365-8171-2025-118.1-270-280

FINANCING MECHANISMS OF INFRASTRUCTURE PROJECTS: OPTIMIZATION OF CASH FLOWS FOR LONG-TERM CONTRACTS

Natalia Sokolova Vladislav Kozynets

The purpose of the article is to develop practical recommendations for optimizing the mechanisms of financing infrastructure projects, taking into account long-term contracts and the specifics of different sources of financing. The study covers four main sources of financing: budgetary funds, private capital, credit resources and funds from international financial and credit organizations. The author analyzes the dynamics of expenditures from the state and local budgets for housing and communal services, transport, road infrastructure, and construction in 2019-2023. The dependence of budget financing on economic crises, the impact of military operations and the need for urgent response to socio-economic challenges is revealed. Private financing, in particular through public-private partnership mechanisms, demonstrated stability, but a limited number of projects and their uneven geographical implementation. Credit resources provided rapid financing of large-scale projects, but created risks of debt burden. Funds from international financial institutions played a significant role in supporting infrastructure during the crisis, but their use requires effective management. The article identifies the main problems in financing infrastructure projects, including insufficient budgetary funds, weak legal regulation of public-private partnerships, debt risks of credit financing, and high requirements for managing funds from international organizations. Based on the analysis, recommendations are made for integrating various sources of financing into a single infrastructure development strategy. In particular, it is recommended to create transparent mechanisms for managing financial flows, develop co-financing strategies, and strengthen coordination between funding sources. The article is aimed at developing practical approaches to the financial management of infrastructure projects, increasing their efficiency and sustainability. The study contributes to the formation of scientific and practical foundations for ensuring sustainable development of Ukraine's infrastructure. Prospects for further research include the creation of integrated financing models that take into account the specifics of regional needs and project characteristics

infrastructure projects, housing and communal services, transport and road infrastructure, construction, budget funds, private capital, credit resources, funds of international financial and credit organizations
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https://doi.org/10.33744/0365-8171-2025-118.1-270-280