CONCEPTUAL FRAMEWORK FOR PRIORITIZING FINANCIAL SUPPORT FOR ROAD WORKS AND SERVICES

Introduction. The quality of roads as public assets should be constantly maintained and improved. In order to direct available funds to the right roads for optimal results, road prioritization is necessary. Road infrastructure has many economic and social benefits. The main problem faced in maintaining roads in a satisfactory condition is that the available funds will always be insufficient to maintain all roads. The solution is to prioritize the most important roads. Selecting roads for repair is not an easy task, as many parameters need to be taken into account to optimize the results. In this case, the importance of the roads can be determined and ranked (or prioritized) correct setting of priorities. This will help to make the right decision. Problem statement. The article formulates the principles of forming the main priorities of financial support for road works. The world experience on this issue is presented. It is due to the formation of the right priorities that it is possible to determine the priority of one type of work in comparison with another according to a certain factor of preference (for example, importance or urgency). Objective. To formulate a conceptual framework for prioritizing the financial support of road works and services, taking into account modern methods of economic analysis.