Subject The article addresses the relations between legal entities within transport infrastructure development projects that are implemented on the basis of concession agreements. Objectives The purpose of the study is to develop a mechanism to finance the development of transport infrastructure on the basis of concession agreements. It will harmonize and take into account the interests of all participants and attract extra-budgetary resources for construction and modernization of infrastructure. Methods We employ the systems and targeted approach, generalization, methods of comparative analysis and elements of quantitative analysis. Results The article offers and discloses a financial mechanism for transport infrastructure development based on concession agreements. It includes a model of interaction between participants to concession agreements, budget financing through subsidies in the form of a capital grant, and guaranteed traffic to private partners. It also establishes tariffs for transportation with investment premium. The practical use of the offered mechanism will create and maintain the transport infrastructure, share risks and attract private capital to solve important tasks for national economy development. Conclusions Integrated development is crucial for transport infrastructure. It will improve the competitiveness of the economy and realize the country's transit potential. The offered financial mechanism includes the attraction of private investment, State guarantees, and compensation of possible risks allocated to the concession owner.
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