INVESTMENT ACTIVITY IN PUBLIC ROADS AND THE SPECIFIC FEATURES OF ITS FINANCING

Abstract

This article comprehensively examines the theoretical foundations and practical mechanisms for implementing investment activities in public road infrastructure. The main objective of the study is to reveal the socio-economic significance of investments in the road sector, identify the specific features of financing such investments, and develop scientific and methodological recommendations to enhance their efficiency. Within the scope of the research, the concept of investment is interpreted in the context of market relations, and its essence at both macroeconomic and microeconomic levels is analyzed. The current state of investments directed to the road sector of the Republic of Uzbekistan is assessed based on data for the period 2020–2024. In particular, the dynamics of the length of reconstructed roads financed from the state budget and changes in financing volumes are evaluated using statistical methods. The study analyzes diversified sources of financing for road infrastructure projects, including state budget funds as well as loans from international financial institutions such as the Asian Development Bank and the World Bank. Furthermore, the necessity of considering economic efficiency and investment risks in decision-making processes is substantiated. The research findings indicate that investments in road infrastructure not only improve transport logistics but also play a crucial role in enhancing the overall economic potential of the country and improving the quality of life of the population.