Financing mechanisms for modernising transportlogistics infrastructure: rolling-stock renewal and the diversification of investment sources in Uzbekistan

Aminova, Niginabonu

Иқтисодиёт ва туризм · 2026-yil

Annotatsiya

This paper examines how the financial mechanism that underpins the transportlogistics sector can be re-engineered to accelerate the modernisation of national infrastructure in alower-middle-income, landlocked economy. Two interrelated propositions are advanced andtested on the case of Uzbekistan. First, the renewal of the rolling-stock fleet (wagons, locomotives,road vehicles, refrigerated containers, and river and air craft) should be financed through adedicated incentive architecture for domestic carriers, evaluated on a whole-life-cost rather thanan acquisition-cost basis. Second, the chronic under-capitalisation of infrastructure can be relievedby widening the menu of external and internal funding channels and by anchoring a modernnetwork of transport-logistics centres on the principal points of cargo formation. Using descriptivestatistics, comparative international benchmarking, whole-life-cost accounting, and a multi-factortime-series regression for 2010-2025, the study finds that fleet renewal raises technical reliabilityby approximately twelve per cent while lowering operating and maintenance outlays; that theparallel mobilisation of five distinct funding sources allows a representative portfolio of twelveinfrastructure projects to proceed without interruption; and that logistics investment, publicprivate-partnership activity, transport-network development, and digitalisation are jointly andsignificantly associated with the growth of transport-logistics output. Because the four explanatoryseries share a strong common trend and are highly intercorrelated, the inferential model isestimated in first differences, which controls for that trend and yields well-behaved residualdiagnostics; in this specification logistics investment carries a robust, statistically significantpositive effect, with the remaining variables contributing positively. The paper concludes thatfinancing should be treated not as a passive supply of capital but as a strategic instrument ofstructural transformation, and it sets out a staged policy pathway consistent with Uzbekistan'stransport-system development agenda to 2030.

Maqola ma’lumotlari
MualliflarAminova, Niginabonu
JurnalИқтисодиёт ва туризм
NashriyotБухоро давлат университети
ISSN2004-2024
Nashr sanasi2026-06-23
Jild4
Son24
TilIngliz
Ilmiy sohaIqtisodiyot
Indeksga qo‘shilgan2026-08-26

Maqolaning asl sahifasi

Kalit so‘zlar

rolling-stock renewal, financing mechanism, transport-logistics infrastructure

Ilmiy soha

Iqtisodiyot

Iqtibos keltirish

APAAminova, Niginabonu (2026). FINANCING MECHANISMS FOR MODERNISING TRANSPORTLOGISTICS INFRASTRUCTURE: ROLLING-STOCK RENEWAL AND THE DIVERSIFICATION OF INVESTMENT SOURCES IN UZBEKISTAN. Иқтисодиёт ва туризм, 4(24). https://interjournal.uz/index.php/journals/article/view/449
GOST (OAK)Aminova, Niginabonu FINANCING MECHANISMS FOR MODERNISING TRANSPORTLOGISTICS INFRASTRUCTURE: ROLLING-STOCK RENEWAL AND THE DIVERSIFICATION OF INVESTMENT SOURCES IN UZBEKISTAN // Иқтисодиёт ва туризм. – 2026. – T. 4, № 24.
MLAAminova, Niginabonu. “FINANCING MECHANISMS FOR MODERNISING TRANSPORTLOGISTICS INFRASTRUCTURE: ROLLING-STOCK RENEWAL AND THE DIVERSIFICATION OF INVESTMENT SOURCES IN UZBEKISTAN.” Иқтисодиёт ва туризм, 4(24), 2026. https://interjournal.uz/index.php/journals/article/view/449
ChicagoAminova, Niginabonu. “FINANCING MECHANISMS FOR MODERNISING TRANSPORTLOGISTICS INFRASTRUCTURE: ROLLING-STOCK RENEWAL AND THE DIVERSIFICATION OF INVESTMENT SOURCES IN UZBEKISTAN.” Иқтисодиёт ва туризм, 4(24) (2026). https://interjournal.uz/index.php/journals/article/view/449
HarvardAminova, Niginabonu (2026) ‘FINANCING MECHANISMS FOR MODERNISING TRANSPORTLOGISTICS INFRASTRUCTURE: ROLLING-STOCK RENEWAL AND THE DIVERSIFICATION OF INVESTMENT SOURCES IN UZBEKISTAN’, Иқтисодиёт ва туризм, 4(24). https://interjournal.uz/index.php/journals/article/view/449
BibTeX
@article{aminovaniginabonu2026,
  title = {FINANCING MECHANISMS FOR MODERNISING TRANSPORTLOGISTICS INFRASTRUCTURE: ROLLING-STOCK RENEWAL AND THE DIVERSIFICATION OF INVESTMENT SOURCES IN UZBEKISTAN},
  author = {Aminova, Niginabonu},
  journal = {Иқтисодиёт ва туризм},
  year = {2026},
  volume = {4},
  number = {24},
  url = {https://interjournal.uz/index.php/journals/article/view/449}
}

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