USE OF INVESTMENT INSTRUMENTS FOR DEVELOPMENT OF WATER SUPPLY AND WASTEWATER SPHERE IN UKRAINE

Oleksandr Ignatenko; Iryna Krylova

doi:10.31435/rsglobal_ws/30062019/6568

Oleksandr Ignatenko DSc (public administration), PhD (economic), Associate Professor of Department of economic policy and governance, Ukraine, Kyiv, National Academy for Public Administration under the President of Ukraine
Iryna Krylova Candidate of Law, Doctoral student, Ukraine, Kyiv, National Academy for Public Administration under the President of Ukraine

DOI: https://doi.org/10.31435/rsglobal_ws/30062019/6568

Keywords: water supply and wastewater sphere, state regulation, investment activity, investment program, participatory budget, local securities market

Abstract

The article is devoted to the clarification of the peculiarities of the use of investment instruments for the development of the water supply and wastewater sector in Ukraine. The sphere of water supply and wastewater of Ukraine requires significant investments for the renewal of fixed assets of water supply and wastewater enterprises, reconstruction and development of engineering infrastructure, introduction of the latest technologies, improvement of the quality of services, etc. The authors consider the concept of investment, investment activity, investment program in the general context and in the field of water supply and wastewater. The structure of planned volumes of financing of measures of investment programs of water supply and wastewater enterprises in 2018 is being analyzed. Issues of application of other modern financial and economic mechanisms in the field of water supply and wastewater are considered. The article analyzes the state of realization of public-private partnership in the field of water supply and wastewater on the basis of statistical data. Investment approaches based on participative financing, which involves the use of financial resources not only of the state but also of local communities, business and civil society institutions, and financing through the use of opportunities of the market of debt obligations, including at the expense of the issue of municipal securities in the form of bonds of a local loan.

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