The National Transport University Bulletin

Abstract

The article is devoted to the modernization of bank lending schemes through the use of financial engineering as an innovative tool for public-private partnership. The relevance of the chosen topic is explained by the fact that modern conditions for the development of enterprises require the modernization of bank lending schemes through the use of additional innovative tools, one of which is financial engineering, its implementation is due to the need to generate sufficient and affordable capital, which will increase investment opportunities and minimize financial risks. The object of research is financial engineering as an innovative tool for the implementation of public-private partnership programs. The purpose of the study is to develop the basic principles of the program for providing state financial support based on the use of financial engineering schemes by simplifying the access of transport enterprises to bank lending in order to implement investment projects. Research methods - the method of cognition, the method of system analysis, the method of analysis and synthesis, as well as the method of comparison. The study proves the need to introduce financial engineering as an innovative tool for targeted financing based on public-private partnerships that combines banking, budgetary-tax and hybrid tools for financing the activities of transport enterprises aimed at generating targeted cash flows and achieving economic development goals. The constituent elements of financial engineering and the stages of its implementation are characterized, which together allow the implementation of appropriate measures for innovative changes. A program has been developed to provide state financial support based on participation in bank lending projects through the provision of preferential loans by banks, in which the state compensates part of the credit burden to transport enterprises in order to simplify their access to bank loans. Conclusions - the modernization of the bank lending scheme on the basis of public-private partnership is proposed, including a system of co-financing of projects for the technical and technological renewal of rolling stock, expansion of activities and economic development of transport enterprises based on the use of financial engineering, which provides for state financial support, subject to an increase in the number of jobs, an increase in wage levels and profit growth.

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