Road Financing in Selected Countries PDF Download

Author:
Publisher:
ISBN:
Category : Roads
Languages : en
Pages : 124

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Book Description
Comparison of road financing and user charges in Australia, Canada, West Germany, Great Britain and the United States.

Author: Ingo Walter
Publisher: Open Book Publishers
ISBN: 1783742968
Category : Business & Economics
Languages : en
Pages : 130

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Book Description
Infrastructure and its effects on economic growth, social welfare, and sustainability receive a great deal of attention today. There is widespread agreement that infrastructure is a key dimension of global development and that its impact reaches deep into the broader economy with important and multifaceted implications for social progress. At the same time, infrastructure finance is among the most complex and challenging areas in the global financial architecture. Ingo Walter, Professor Emeritus of Finance, Corporate Governance and Ethics at the Stern School of Business, New York University, and his team of experts tackle the issue by focussing on key findings backed by serious theoretical and empirical research. The result is a set of viable guideposts for researchers, policy-makers, students and anybody interested in the varied challenges of the contemporary economy.

Author: Clell G. Harral
Publisher: World Bank Publications
ISBN: 9780821310397
Category : Roads
Languages : en
Pages : 61

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Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9292549529
Category : Transportation
Languages : en
Pages : 225

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Book Description
The People's Republic of China implemented the Fuel Tax Reform in 2009. It abolished a range of provincial and local government fees and increased the central government tax on motor vehicle fuel. This reform centralized the government revenues for the sector, but various issues remain. This publication analyzes the implications of the reform on the operation and maintenance of ordinary roads. It recommends the formation of a National Road and Funding Administration, responsible for the national road programs and policy, and the creation of a central road trust fund to finance the operation and maintenance of ordinary roads.

Author: Ian Graeme Heggie
Publisher: World Bank Publications
ISBN: 9780821342374
Category : Business & Economics
Languages : en
Pages : 172

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Book Description
Printed on Demand. Limited stock is held for this title. If you would like to order 30 copies or more please contact [email protected] Contact [email protected], if currently unavailable. In developing and transition economies, 60 to 80 percent of all passenger and freight transport moves by road-the main form of access for most rural communities. Yet most of the 11 million kilometers of roads in these economies are badly maintained and poorly managed. This paper discusses one of the most effective ways to promote sound policies for managing and financing road networks--commercialization. It discusses the emerging central concept of bringing roads into the marketplace, putting them on a fee-for-service basis, and managing them like a business.

Author: World Bank
Publisher: World Bank Publications
ISBN: 0821380834
Category : Business & Economics
Languages : en
Pages : 386

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Book Description
Sustainable infrastructure development is vital for Africa s prosperity. And now is the time to begin the transformation. This volume is the culmination of an unprecedented effort to document, analyze, and interpret the full extent of the challenge in developing Sub-Saharan Africa s infrastructure sectors. As a result, it represents the most comprehensive reference currently available on infrastructure in the region. The book covers the five main economic infrastructure sectors information and communication technology, irrigation, power, transport, and water and sanitation. 'Africa s Infrastructure: A Time for Transformation' reflects the collaboration of a wide array of African regional institutions and development partners under the auspices of the Infrastructure Consortium for Africa. It presents the findings of the Africa Infrastructure Country Diagnostic (AICD), a project launched following a commitment in 2005 by the international community (after the G8 summit at Gleneagles, Scotland) to scale up financial support for infrastructure development in Africa. The lack of reliable information in this area made it difficult to evaluate the success of past interventions, prioritize current allocations, and provide benchmarks for measuring future progress, hence the need for the AICD. Africa s infrastructure sectors lag well behind those of the rest of the world, and the gap is widening. Some of the main policy-relevant findings highlighted in the book include the following: infrastructure in the region is exceptionally expensive, with tariffs being many times higher than those found elsewhere. Inadequate and expensive infrastructure is retarding growth by 2 percentage points each year. Solving the problem will cost over US$90 billion per year, which is more than twice what is being spent in Africa today. However, money alone is not the answer. Prudent policies, wise management, and sound maintenance can improve efficiency, thereby stretching the infrastructure dollar. There is the potential to recover an additional US$17 billion a year from within the existing infrastructure resource envelope simply by improving efficiency. For example, improved revenue collection and utility management could generate US$3.3 billion per year. Regional power trade could reduce annual costs by US$2 billion. And deregulating the trucking industry could reduce freight costs by one-half. So, raising more funds without also tackling inefficiencies would be like pouring water into a leaking bucket. Finally, the power sector and fragile states represent particular challenges. Even if every efficiency in every infrastructure sector could be captured, a substantial funding gap of $31 billion a year would remain. Nevertheless, the African people and economies cannot wait any longer. Now is the time to begin the transformation to sustainable development.

Author: Planning and Transport Research and Computation (International) Co. Meeting
Publisher:
ISBN:
Category : Bridges
Languages : en
Pages : 296

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Author: Asian Development Bank
Publisher: Asian Development Bank
ISBN: 9290928751
Category : Technology & Engineering
Languages : en
Pages : 135

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Book Description
This study explores several fundamental issues associated with the implementation of the fuel tax reform initiative in the People's Republic of China and the improvement of the sustainability of the country's highway programs. It identifies and explores high-level policy issues, options, and future research needs associated with financing ordinary and rural road construction and maintenance. The research includes an assessment of the impacts, successes, and challenges of the fuel tax reform to date, and identifies areas where additional steps and actions may be required to improve program sustainability and effectiveness. The study also examines applicable experiences from developed and developing countries and suggests policy recommendations.

Author: International Chamber of Commerce
Publisher:
ISBN:
Category : Roads
Languages : en
Pages : 182

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Book Description

Author: Yohane Tembo
Publisher: Anchor Academic Publishing (aap_verlag)
ISBN: 3954893517
Category : Business & Economics
Languages : en
Pages : 121

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Book Description
There are various reasons why the road asset in Zambia has been deteriorating over the past five decades since independence. Much effort to restore the road asset to its original value and keep it maintained in a good and safe condition was initiated in mid 1990s with the launch of the Road Sector Investment Plan – Phase I, which was immediately followed by the launch of a Phase II to run from 2003 to 2013. It is my appreciation that many diagnostic studies into road financing strategies which could have led to inefficient road asset management in Zambia have been undertaken, and various solutions tendered. The author takes cognizance that resource mobilization for road construction and maintenance, and subsequent allocation to respective road programs can often be problematic for an emerging country like Zambia. It has the potential to lead to inefficiencies in road asset management as has evidently been demonstrated in the declining road asset value over time. The political, as well as the economic, landscape plays a vital role in resource mobilization and allocation strategies as much as the institutional and the legal framework do. The failure to clear the backlog of maintenance which normally results, largely, from deferment of scheduled maintenance due to insufficient annual budgetary allocation to the road sector maintenance programs has led to the significant deterioration in road network condition. Exorbitant road construction costs have posed additional challenges to the fiscus, thereby constraining both the quantity and quality of road infrastructure that could be constructed and maintained at any given time. Recent policy drives have been categorical in their preference of new road construction aimed at linking Zambia, over road maintenance, which plays a pivotal role in road asset management. This creates a perception that policy pronouncements are at variance to policy documents which promote sustainable economic development through efficient road investments and could be seen as being paradoxical in that the actual financing strategies are skewed towards road construction, a recipe of comfort for the next election challenge due to increased visibility on the ground, rather than to maintenance, as an astute and effective way of managing the road asset. The difficult of establishing congruence between government pronouncements and actual road business strategies in the implementing agencies has, over the years, posed challenges to the fiscal policy implementation. Consequently, this has often led to serious budget overruns due, firstly, to unplanned expenditure and, secondly, variations due to scope increase resulting from project implementation without having prior designs. This has led to high operating inefficiencies of existing roads due to the high level of pavement degradation, with the eventual effect of higher vehicle operating costs, longer travel-times, driver and passenger discomfort, and ultimately, higher agency pavement replacement costs. The damage caused to the economy is apparent in all this. The author carried out an analysis of road financing strategies in Zambia, taking a special look into the past decade, with the view to ascertaining the extent to which roads budgets have been employed to fund new construction and maintenance. This was necessary to establish whether there was a mismatch in allocation of resources for roads in terms of needs and policy, in which new road construction is highly favored in preference to maintenance. It was hoped that if the mismatch existed, it would espouse some paradoxes which existed between the road asset management policies and actual strategies.