MECHANISMS FOR ENSURING THE FINANCIAL STABILITY OF RAILWAY COMPANIES IN THE CONTEXT OF STRUCTURAL CHANGES IN THE ECONOMY

Abstract

This article highlights the mechanisms for ensuring the financial stability of railway companies in the context of structural changes in the economy, justifying the fact that high capital capacity of rail transport, a long-term investment cycle and large infrastructure costs require a systematic approach to financial management. In the process of switching from a vertically integrated model to a flexible management system, issues of financial risks arising, liberalization of Tariff Policy, Optimization of capital structure and balancing investment burden are analyzed. In ensuring financial stability, increasing operational efficiency, increasing cost transparency, controlling the Operating Ratio indicator, introducing dynamic tariff (Yield Management) mechanisms and expanding public-private partnerships are considered as the main directions of modernization of the financial model of railway companies.