Trends in the Development of Transport Infrastructure in Bulgaria

Borislav Arnaudov and Iliya Gatovski
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Borislav Arnaudov: University of National and World Economy, Sofia, Bulgaria
Iliya Gatovski: University of National and World Economy, Sofia, Bulgaria

Ikonomiceski i Sotsialni Alternativi, 2023, issue 2, 5-23

Abstract: The development of public infrastructure is essential for any country to achieve its economic and social development goals. Effective public infrastructure has a far-reaching impact in helping the economy achieve policies in the transport sector. The development of transport infrastructure is linked to economic growth, due to the fact that the share of capital expenditure for investment projects increases in total consumption (Bakalova, 2018). Development and expansion of the technological base is achieved, as the construction and maintenance of transport infrastructure stimulate public spending. The purpose of the article is to outline the main trends in building the infrastructure in Bulgaria for the different types of transport. The ability of transport assets to maintain their level of service to the end of their service life and their flexibility in meeting changes in demand patterns is analyzed. In conclusion, the main trends in the expansion of infrastructure capacity, the approaches to maintenance, modernization and the integration of new digital technologies in its construction are brought out.

Keywords: investments; transport infrastructure; European transport policy (search for similar items in EconPapers)
JEL-codes: R40 R49 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:nwe:iisabg:y:2023:i:2:p:5-23

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