ROAD MAINTENANCE FINANCING OF THE STATE ROAD OF CATEGORY I AND II IN THE REPUBLIC OF SERBIA

Abstract

Investment in roads, apart from traffic benefits, has significant effect in development due to influence on overall commercial flows. Road maintenance works come from the need of achievement of purposes of built roads, primarily to ensure safety of traffic flow, transport of population and goods, to connect people and to improve their conditions of lives and works. Maintenance works are required for protection of road, as civil engineering structure, against damaging influences, or in other words real value and usability of road shall be kept (protection of previously invested capital). Therefore, roads have to be maintained continuously in order to be achieved undisturbed and safe traffic flow. Current traffic-economic development needs have surpassed available funds in great extent. Financing system of state roads of category I and II has not ensured sufficient and stable funds for the required level of investment.