The approach to financing is a crucial and determinative circumstance for raising financing. Having studied the essence of corporate and project financing and taken into account highway infrastructure project features, which are developed under the PPP conditions, we can make the following conclusion: it is reasonable to fund the project on the principles of corporate financing in case of PPPs with low level of capital investment. The approach based on the principles of project financing makes it possible to finance expensive projects with a limited recourse of assets, to carry out effective monitoring and control of project income and expenses, to transfer risks to the party which is able to manage them in the best way. Thus, the funding of the highway infrastructure project implemented under the conditions of PPP can be carried out on the basis of the Project Finance approach.
The financial strategy of the company determines the optimum level of debt and equity for a project, as well as the sources of funding, and financial instruments. It depends on a number of factors including the project, stage of development, and access to financial markets. In the following section, we will define the basis and the principles of the financial strategy of the project company implementing the project in the field of highway infrastructure construction under the PPP