Legal basis for application of the concession model in the transport sector
The current paper has presented the analysis of application of the concession financing model in the transport sector. The concession model, being a kind of public-private partnership, is innovative, allowing making public partner agreements with the private sector, developing managerial and financial potential. The use of the concession model by the public partner does not require large costs, which go to private business and project financers. The concession model is a model of cooperation between a customer and a contractor-concessioner is the most popular in the transport sector. At the same time, risks, costs, obligations are shared. The joint implementation of investment projects makes it possible to obtain an agreed result related to the modernization and operation of the transport sector. At the same time, the concession is a successful mechanism for sustainable growth. The purpose of the paper was to study the legal basis of the concession model, to identify legal ways to ensure the financing of the concession, which, in turn, ensures the effective management of the financial assets of the parties.