CRITERIAL APPROACH TO ESTIMATION OF INVESTMENT EFFICIENCY IN INFRASTRUCTURE OF JSC "RUSSIAN RAILWAYS"
- DOI
- 10.2991/avent-18.2018.74How to use a DOI?
- Keywords
- investment program; transport strategy; evaluation of project investment efficiency; infrastructure of railway transport; operating costs
- Abstract
The concept of economy’s infrastructure component priority development assumes a significant increase in investment in new construction projects and an increase in the capacity of the railway infrastructure in Russia. Macroeconomic efficiency of the investment program is the most important instrument for achieving the strategic goals of JSC Russian Railways (JSC Russian Railways) in the conditions of the industry reform. The company consistently implements the tasks of optimizing the investment process by switching to the design principles of formation and management to implement the investment program of JSC Russian Railways. Evaluation of project investment efficiency should take into account, apart from the sources of their formation, the possibility of reducing operating costs. The article discusses the limitations of traditional approaches to investment evaluation criteria, conditioned by the nature of the projects implemented, and suggests modification of the approach using the criterion indicator based on the estimation of capital costs and operating expenses.
- Copyright
- © 2018, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - I. Yu. Solskaia AU - N. B. Grosheva PY - 2018/05 DA - 2018/05 TI - CRITERIAL APPROACH TO ESTIMATION OF INVESTMENT EFFICIENCY IN INFRASTRUCTURE OF JSC "RUSSIAN RAILWAYS" BT - Proceedings of the International Conference "Aviamechanical engineering and transport" (AVENT 2018) PB - Atlantis Press SP - 381 EP - 385 SN - 2352-5401 UR - https://doi.org/10.2991/avent-18.2018.74 DO - 10.2991/avent-18.2018.74 ID - Solskaia2018/05 ER -