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An Integrated Investment Appraisal of a Public Private Partnership (PPP) Ghana Road Project

Author

Listed:
  • Majid Hashemi

    (Department of Economics, Queens University, Kingston, Ontario, Canada, K7L3N6 and Cambridge Resources International Inc.)

  • Mikhail Miklyaev

    (Department of Economics, Queens University, Kingston, Ontario, Canada, K7L3N6 and Cambridge Resources International Inc.)

Abstract

A feasibility studies was carried out on the main highway one of Ghana’s largest city which is a 19.5 km dual carriageway constructed as a freeway fifty years ago with an intended design life of 20 years. After several years of use and inadequate maintenance, the pavement has outlived its terminal level of serviceability with visible fatigue-cracking, joint failures, and pumping under wheel load and requires reconstruction. To address these issues and ensure the sustainability of Ghana’s socio-economic development trajectory, the Government of Ghana has identified the Main Highway Project as one of the transport infrastructure projects needed to support the country’s accelerated growth strategy.

Suggested Citation

  • Majid Hashemi & Mikhail Miklyaev, 2022. "An Integrated Investment Appraisal of a Public Private Partnership (PPP) Ghana Road Project," Development Discussion Papers 2022-08, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:4586
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    More about this item

    Keywords

    Public-Private Partnership; Cost Benefit Analysis; Ghana;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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