Zbornik radova Koridor 10 - Kirilo Savić

3rd International Scientific and Professional Conference
CORRIDOR 10 - a sustainable way of integrations
5. CONCLUSION
In determining the financial and economic eligibility of investments in public railway infrastructure in
Republic of Slovenia, the method of cost-benefit analysis is used (as comparison of conditions "with"
and "without" investment), which is consistent with the recommendations of the European Commission
as to the applicable law in the Republic of Slovenia. The financial eligibility is determined from the
investor’s point of view while economic eligibility is determined from the point of national benefits.
In order to produce proper Cost-benefit analysis it is necessary to:
- determine the needs with the existing and future demand analysis
- clearly define the project as an independent unit of analysis, with defined objectives and
measures to help achieve these goals
- analyze and evaluate the different alternative options and determine which option meets the
objectives optimal
Generally, investments in public railway infrastructure for the investor himself have negative effect and
do not turn profit but they are very important from the social point of view, which show economic
profitability indicators. The main effects of investments that are considered in calculating the economic
profitability indicators are increasing line capacity, increasing the level of traffic safety, optimizing the
management of the public railway infrastructure, savings in train exploitation costs, intravel time
savings, preventing outflow of freight and passengers from rail to road, savings in energy
consumption.
Projects in the field of development of the railway infrastructure are usually suitable for co-financing by
EU grants. Project is in fact suitable for co-financing from the Cohesion Fund, if the financial NPV is
negative and economic NPV is positive. The project should contribute to the economic development of
the region or country, and must be included in the Operational Programme of Environmental and
Transport Infrastructure.
It has to be noted that all countries for these projects have to provide part of the funds themselves and
thus close the financial construction of the project.
6. LITERATURE AN SOURCES
[1] Decree on the uniform methodology for the preparation and treatment of investment
documentation in the field of public finance. Official Journal of RS, No. 60/06 and 54/10.
[2] Decree on the uniform methodology for the preparation and treatment of investment
documentation in the field of public railway infrastructure.Official Journal of RS, No. 06/08.
[3] European Commission, Directorate General Regional Policy (2008). Guide to cost-benefit
analysis of investment projects, Structural Funds, Cohesion Fund and Instrument for Pre-
Accession. 257 p.
[4] European Commission, Directorate General Regional Policy (2006). The New Programming
Period 2007-2013, Guidance on the Methodology for carrying out Cost-Benefit Analysis, Working
Document No. 4.23 p.
[5] Matajič, M. et al. (2011): Strokovno-razvojnanaloga “Analizamožnosti in potreb razvoja javne
železniške infrastrukture v RepublikiSloveniji”, Prometniinstitut Ljubljana d.o.o., 732 p.
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