The article identifies that a key priority towards improving the quality of transport services railway transport defined by the implementation of major projects of the industry development related to quality improvement of railway infrastructure, rolling stock, electrification of plots and construction of transport-logistic services. For these projects the sector needs to attract huge investment because the existing state JSC "Ukrzaliznytsya" that is characterized by deterioration of the dynamics of workload, and accordingly lower profitability of transport allows you to self-Finance this kind of innovative-technological transformation. It is argued that the high level of risk of infrastructure projects, which is due to economic instability in the country and the presence of internal threats to the development of the industry, significantly reduce their attractiveness for potential partners and investors. It is determined that not only the decision on its financing, but also the amount of invested funds depends on the magnitude of the risks inherent in the infrastructure project. On this basis, the existing approaches to the systematization and classification of risks of infrastructure projects are studied. There are four groups (global, cross-border, national, sectoral) of potential risks of railway infrastructure development projects implemented within the framework of cross-border regions. The developed model of management of investment provision of infrastructure projects of railway transport development, which is based on assessing the value of infrastructure risks and the volume of infrastructure investments and involves the selection of alternative investment strategies is carried out with use of instruments of investment support and risk mitigation infrastructure project. It is proved that the introduction of this model will allow a thorough approach to the choice of alternative sources of investment support for the development of railway transport in the context of large-scale infrastructure projects and qualitatively improve the mechanisms for attracting investment for their implementation.