Improved method of determination of economic efficiency of construction and operation of high speed rail in Ukraine

Abstract

Purpose. The aim of this article is to develop an approach and formulate arrangements concerning the definition of the economic appropriateness of high-speed movement implementation in Ukraine. Methodology. The economic feasibility for appropriateness of high-speed movement organization in Ukraine is an investment project, which involves step-by-step money investment to the construction. To solve such problems one uses net present value, which UZ or newly created companies can get during the project realization and after its completion. Findings. Obtained studies can state the fact that the technical approach for full effectiveness definition of a construction and high-speed passenger trains service taking into account the cost of infrastructure, rolling stock, the impact of environmental factors, etc. was determined. Originality. We propose a scientific approach to determine the economic effectiveness of the construction and high-speed main lines service. It includes improved principles of defining the passenger traffic, the cost of high-speed rails construction, the number of rolling stock; optimizes income and expenditure calculations in the context of competitive advantages and the external factors impact on the company. A technical approach for the calculation of future traffic volumes along the high-speed line was improved. It differs essentially from the European, proposed by the French firm «SYSTRA», as it allows taking into account additional transit traffic through Ukraine. It helps to distribute the passengers on separate sections proportionally to the number of cities population which are combined by high-speed main line, subject to the average population mobility, travel time and the coefficient that takes into account the frequency of additional passenger trips on a given section, depending on the purpose (business trip, transfer to a plane, recreation, etc. Practical value. The above mentioned factors records increase the validity of administrative decisions relating to ensuring the functioning of high-speed traffic effectiveness.