Evaluation of road projects and programs in developing countries
AbstractThe paper discusses the economic evaluation of road projects in developing countries as currently practiced in World Bank-supported projects. Evaluation of road decisions is necessary whenever there is a budget constraint. A basic principle of equity--but not the only one--is that those who receive the benefit also pay for it, thus designating the budget constraint. This is illustrated with two examples. It is also argued that a well-organized road sector, good road management, customer input, and private sector participation in finance and service delivery affect benefits and costs, and can increase the efficiency and level of service to customers.
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Bibliographic InfoArticle provided by Elsevier in its journal Transport Policy.
Volume (Year): 7 (2000)
Issue (Month): 1 (January)
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Web page: http://www.elsevier.com/wps/find/journaldescription.cws_home/30473/description#description
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Heggie, I.G. & Vickers, P., 1998. "Commercial Management and Financing of Roads," Papers 409, World Bank - Technical Papers.
- Small, K.A., 1997. "Project Evaluation," Papers 97-98-05, California Irvine - School of Social Sciences.
- Shi, Jing & Zhou, Nian, 2012. "A quantitative transportation project investment evaluation approach with both equity and efficiency aspects," Research in Transportation Economics, Elsevier, vol. 36(1), pages 93-100.
- T. A. El-Diraby & S. M. Gill, 2006. "A taxonomy for construction terms in privatized-infrastructure finance: supporting semantic exchange of project risk information," Construction Management & Economics, Taylor and Francis Journals, vol. 24(3), pages 271-285.
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