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Economic and Financial Analysis

Reports related to economic and financial analysis of road investments

TWU-48 Poor access to transport in the rural areas of developing countries constrains economic and social development and contributes to poverty. Improving rural people’s access to essential services requires improving mobility, through better transport infrastructure and services and attention to the location, quality, and price of facilities. Better mobility gives people better access to services (education, health, finance), markets, income-earning opportunities, and social, political, and community activities.
The Working Group investigated current evaluation studies of major transport infrastructure projects in OECD Member countries with an aim to identify impacts of transport infrastructure investment on regional development and to improve current appraisal methodologies.

2002 - Denmark - Bias in Project Cost Estimation
 847 Downloads
 477.13 KB
 25-06-2019

This article presents results from the first statistically significant study of cost escalation in transportation infrastructure projects. Based on a sample of 258 transportation infrastructure projects worth US$90 billion and representing different project types, geographical regions, and historical periods, it is found with overwhelming statistical significance that the cost estimates used to decide whether such projects should be built are highly and systematically misleading. Underestimation cannot be explained by error and is best explained by strategic misrepresentation, that is, lying. The policy implications are clear: legislators, administrators, investors, media representatives, and members of the public who value honest numbers should not trust cost estimates and cost-benefit analyses produced by project promoters and their analysts.

2001 - Ghana - Feeder Road Prioritisation - Vol 2
 1521 Downloads
 8.62 MB
 25-06-2019

Prioritization of low volume roads in Ghana.

2001 - Ghana - Feeder Road Prioritisation - Vol 1
 3596 Downloads
 3.37 MB
 25-06-2019

Prioritization of low volume roads in Ghana.

2000 - Venables - Geographical Impacts on Costs and Trade
 1779 Downloads
 603.25 KB
 25-06-2019

Paper looking at the effect of geography on costs and trade.

2000 - UK - Road Finance and Road Fund Management
 1441 Downloads
 78.72 KB
 25-06-2019

This document looks at alternative ways of providing a secure and stable source of finance for roads (excluding toll roads and concessions – see main node on Toll Roads and Concessions) without introducing undue fiscal inflexibility. It focuses on the key issues you need to know about financing roads through the government’s general budget, or through a second-generation off-budget financing mechanism.
Paper by Anthony J. Venables. To bring countries further into the trading system it is important to understand both the determinants of transport costs, and the magnitude of the barriers to trade that they create. This paper investigates these issues.

2000 - UK - Asset Valuation Draft Specifications
 1332 Downloads
 22.47 KB
 25-06-2019

Paper describing the methods etc of conducting asset valuations.

World Bank transport note on the economic case for paving unpaved roads.

1999 - Denmark - Economic Evaluation of Pavement Maintenance
 1278 Downloads
 496.38 KB
 25-06-2019

The objectives of the PAV-ECO Project were to develop economic models for the evaluation of life-cycle costs of pavements, and to study the effects on road infrastructure maintenance when new road links are added to a road network.
Detailed analysis of some of the costs of motor-vehicle use in the U.S. This paper explains the purpose of estimating the total social-cost of motor-vehicle use, briefly review recent research, explain the conceptual framework and cost classification, and present and discuss our preliminary cost estimates.

1998 - Tunisia - Design of User Charges and Taxes
 1705 Downloads
 5.49 MB
 25-06-2019

Report from the World Bank covering methodological work on the appropriate concept of road use cost; on the derivation of road use cost from road network and traffic data under different maintenance regimes; on the corresponding rules for charging cost to users; on pure taxation of transport; on the price-level and distributional impact of transport taxes, taken on their own or relative to other taxes. It includes also detailed empirical work, to estimate some of the relationships, and as required for a full-dress application of the methodologies to the case of Tunisia.

1998 - NZ- Determining Optimal Prices for Road Use
 793 Downloads
 41.9 KB
 25-06-2019

The Government is considering options for reforming the way roads are managed in NZ. Some options involve roads being owned and managed by publicly owned regional roading companies with the power to set prices and charge users directly. This paper sets out a framework for determining optimal prices for road use which can in turn be used as a baseline for assessing the road companies’ pricing policies.

1997 - WB - TWU-26 Road Funds, User Charges and Taxes
 759 Downloads
 77.43 KB
 25-06-2019

This note sets out some general principles and indicators of determining when a Road Fund might be an appropriate instrument; what activities it should be responsible for; what revenue sources it should employ; and key features for its governance.

1997 - USA - Environmental Consequences of Road Pricing
 811 Downloads
 121.7 KB
 25-06-2019

A Scoping Paper for the Energy Foundation. Focussing on 3 questions: 1. Will road pricing increase or reduce vehicle miles traveled (VMT) and the associated environmental and social costs? 2. How will road pricing affect urban form and land use? 3. Will road pricing facilitate or inhibit highway expansion?

Report prepared by Rust PPK for the World Bank on methodologies for feasibility studies in China.

1988 - UK - A Guide to Road Project Appraisal
 1311 Downloads
 691.44 KB
 25-06-2019

Overseas Road Note 5. This Note gives guidance on carrying out feasibility studies for road projects in developing countries. It is intended for administrators, economists, transport planners and engineers in road and transport ministries in developing countries who are responsible for preparing or appraising project submissions. It will also be of interest to personnel in aid agencies and consultancies who are responsible for road projects.

1982 - UK- RTIM2 Model Manual
 180 Downloads
 1.88 MB
 06-10-2018

The RTIM2 Model was developed by the TRL for economic analysis of rural roads.

Report by DFID on study of the impact of feeder roads was carried out in the Ashanti Region of Ghana by the Building and Road Research Institute (Kumasi) in cooperation with the Transport and Road Research Laboratory. The purpose of the study was to determine how parameters of rural development (particularly agricultural practises, costs and prices) varied with accessibility within the region.
This report discusses the relationship between tie load and road transport costs in developing counties and considers the ‘optimum’ tie load at which the total road transport costs are minimised.

1969 - UK - Transportation in Rural Areas
 834 Downloads
 684.83 KB
 25-06-2019

Study on transportation issues in rural areas. Research study on the needs of rural social infrastructure and its relationship to urban centers.