Economic and Financial Analysis

Reports related to economic and financial analysis of road investments

2000 - Venables - Geographical Impacts on Costs and Trade
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Paper looking at the effect of geography on costs and trade.

2000 - UK - Road Finance and Road Fund Management
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Study on transportation issues in rural areas. Research study on the needs of rural social infrastructure and its relationship to urban centers.