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Mechanism for Investment in the Transport Infrastructure Development in Latvia

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Reliability and Statistics in Transportation and Communication (RelStat 2017)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 36))

Abstract

Well-developed and efficient infrastructure is crucial for ensuring the effective functioning of the economy. A considerable lack of industry financing certainly affects the assessment of the quality of the overall infrastructure in a global context; according to the report by the World Economic Forum, Latvia languished in 51st position in its global league table for overall quality of the transport infrastructure provision [1]. In countries that have a high rating on the quality of the overall infrastructure, for example, Germany and Great Britain, appropriate investment mechanisms have been developed. They set benchmarks for decision-making and evaluation of investment efficiency. The goal of this study is to develop a conceptual approach to the creation of an investment mechanism for Latvia, based on the experience of Germany and other countries having a high rating of the quality of the overall infrastructure. In general, the results of the study can be useful in developing financial mechanism for investing in the development of transport infrastructure in Latvia as an integral part of the investment policy for the industry development.

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Author information

Authors and Affiliations

  1. Transport and Telecommunication Institute, Lomonosova street 1, Riga, 1019, Latvia

    Irina Kuzmina-Merlino & Oksana Skorobogatova

  2. Fraunhofer Institute for Factory Operation and Automation IFF, Sandtorstraße 22, 39106, Magdeburg, Germany

    Niels Schmidtke & Fabian Behrendt

Authors
  1. Irina Kuzmina-Merlino
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  2. Oksana Skorobogatova
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  3. Niels Schmidtke
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  4. Fabian Behrendt
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Corresponding author

Correspondence to Irina Kuzmina-Merlino .

Editor information

Editors and Affiliations

  1. Transport and Telecommunication Institute, Riga, Latvia

    Igor Kabashkin

  2. Transport and Telecommunication Institute, Riga, Latvia

    Irina Yatskiv

  3. Vilnius Gediminas Technical University, Vilnius, Lithuania

    Olegas Prentkovskis

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Kuzmina-Merlino, I., Skorobogatova, O., Schmidtke, N., Behrendt, F. (2018). Mechanism for Investment in the Transport Infrastructure Development in Latvia. In: Kabashkin, I., Yatskiv, I., Prentkovskis, O. (eds) Reliability and Statistics in Transportation and Communication. RelStat 2017. Lecture Notes in Networks and Systems, vol 36. Springer, Cham. https://doi.org/10.1007/978-3-319-74454-4_49

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  • DOI: https://doi.org/10.1007/978-3-319-74454-4_49

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  • Publisher Name: Springer, Cham

  • Print ISBN: 978-3-319-74453-7

  • Online ISBN: 978-3-319-74454-4

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