A Methodological Framework for Prioritizing Infrastructure Investment
Policy makers are often confronted with a myriad of factors in the investment decision-making process. This issue is particularly acute in infrastructure investment decisions, as these often involve significant financial resources and lock-in techn...
| Main Authors: | , , |
|---|---|
| Format: | Working Paper |
| Language: | English en_US |
| Published: |
World Bank, Washington, DC
2015
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2015/10/25124940/methodological-framework-prioritizing-infrastructure-investment http://hdl.handle.net/10986/22855 |
| id |
okr-10986-22855 |
|---|---|
| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
SANITATION GROWTH RATES INFRASTRUCTURE INVESTMENTS TRANSPORTATION SYSTEM INFRASTRUCTURE PROVISION WATER SERVICES TRANSPORT SECTOR PUBLIC UTILITIES INFRASTRUCTURE ASSETS TRANSPORTATION INFRASTRUCTURE ECONOMIC GROWTH POWER PLANTS INFRASTRUCTURE SERVICES FOSSIL FUELS RAIL NETWORK METROPOLITAN TRANSPORTATION VALUATION ECONOMIC WELFARE LONG TERM INVESTMENTS TRANSPORT INFRASTRUCTURE PUBLIC SECTOR VEHICLES INDUSTRY GENERATION INFRASTRUCTURE REHABILITATION TRANSPORTATION RESEARCH ELASTICITY INFRASTRUCTURE DEVELOPMENT ECONOMIC WELFARE AGGLOMERATION EFFECTS INVESTMENT PLANNING GROWTH MODEL ECONOMIC DYNAMICS PUBLIC INFRASTRUCTURE TRANSPORTATION SYSTEM AIRPORTS INFRASTRUCTURE SECTOR WEALTH MARKET ACCESS ECONOMIC LOSS MARKET ACCESS TRANSPORT INVESTMENT INFRASTRUCTURE SERVICES RENTS ECONOMIC INFRASTRUCTURE TRANSPORTATION INFRASTRUCTURE OPEN ACCESS ECONOMIC CHARACTERISTICS TRANSPORT SECTOR MOTOR VEHICLES VEHICLE ECONOMIC DYNAMICS CAPITAL INTENSITY ROAD COSTS ROAD NETWORK ECONOMIC BENEFITS TRANSPORT PUBLIC FUNDS PORT AUTHORITY CONTRACTS MOBILITY PUBLIC SAFETY OPTIONS EXTERNALITIES METROPOLITAN TRANSPORTATION MARKETS POLLUTION INDICATORS PUBLIC TRANSPORT CLIMATE CHANGE LARGE‐SCALE INFRASTRUCTURE ROAD NETWORK PORTS RURAL ROADS FUELS POWER DISTRIBUTION SUBSIDIES PUBLIC UTILITIES FINANCE PUBLIC INVESTMENT INFRASTRUCTURE RAIL NETWORK INFRASTRUCTURE INVESTMENT DEMAND FOR INFRASTRUCTURE INVESTMENT INFRASTRUCTURE DEVELOPMENT PUBLIC SAFETY TRANSMISSION LINES INFRASTRUCTURE POLICY TRANSPORTATION GROWTH MODEL TRANSIT CLIMATE CHANGE METROPOLITAN TRANSPORTATION AUTHORITY INFRASTRUCTURE PROVISION PUBLIC SECTOR INFRASTRUCTURE MANAGEMENT INFRASTRUCTURE INVESTMENT PROJECTS UTILITIES POWER TRANSPORTATION INVESTMENT INFRASTRUCTURE REHABILITATION GROWTH RATES RURAL INFRASTRUCTURE TRANSPORTATION DECISION MOTOR VEHICLES PUBLIC TRANSPORT TRANSPORT INFRASTRUCTURE ROAD PROJECTS PUBLIC WORKS INFRASTRUCTURE PROJECTS TRANSPORTATION INVESTMENT ECONOMICS BRIDGE INFRASTRUCTURE PROJECTS ROADS INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS SPRAWL CAPITAL INTENSITY ECONOMIC DEVELOPMENT SLUMS HIGHWAY DEMAND FOR INFRASTRUCTURE INVESTMENT RAILWAYS INFRASTRUCTURE MANAGEMENT ECONOMIC CHARACTERISTICS EDUCATION DISTRIBUTION GRID STOCKS INVESTMENT STATISTICS METROPOLITAN TRANSPORTATION AUTHORITY ECONOMIC DEVELOPMENT RAIL RURAL INFRASTRUCTURE SANITATION INFRASTRUCTURE PUBLIC INFRASTRUCTURE TRANSPORTATION DECISION INVESTMENTS PRIVATE VEHICLE PORT AUTHORITY INVESTMENT COSTS LONG TERM INVESTMENTS ECONOMIC BENEFITS TRANSPORTATION AUTHORITY DIESEL SAFETY URBAN SPRAWL ECONOMIC GROWTH INFRASTRUCTURE INVESTMENT PROJECTS INFRASTRUCTURES TRANSMISSION LINES AGGLOMERATION PRICES NEGATIVE EXTERNALITIES AGGLOMERATION EFFECTS BOTTLENECKS PUBLIC FUNDS POOR HOUSEHOLDS |
| spellingShingle |
SANITATION GROWTH RATES INFRASTRUCTURE INVESTMENTS TRANSPORTATION SYSTEM INFRASTRUCTURE PROVISION WATER SERVICES TRANSPORT SECTOR PUBLIC UTILITIES INFRASTRUCTURE ASSETS TRANSPORTATION INFRASTRUCTURE ECONOMIC GROWTH POWER PLANTS INFRASTRUCTURE SERVICES FOSSIL FUELS RAIL NETWORK METROPOLITAN TRANSPORTATION VALUATION ECONOMIC WELFARE LONG TERM INVESTMENTS TRANSPORT INFRASTRUCTURE PUBLIC SECTOR VEHICLES INDUSTRY GENERATION INFRASTRUCTURE REHABILITATION TRANSPORTATION RESEARCH ELASTICITY INFRASTRUCTURE DEVELOPMENT ECONOMIC WELFARE AGGLOMERATION EFFECTS INVESTMENT PLANNING GROWTH MODEL ECONOMIC DYNAMICS PUBLIC INFRASTRUCTURE TRANSPORTATION SYSTEM AIRPORTS INFRASTRUCTURE SECTOR WEALTH MARKET ACCESS ECONOMIC LOSS MARKET ACCESS TRANSPORT INVESTMENT INFRASTRUCTURE SERVICES RENTS ECONOMIC INFRASTRUCTURE TRANSPORTATION INFRASTRUCTURE OPEN ACCESS ECONOMIC CHARACTERISTICS TRANSPORT SECTOR MOTOR VEHICLES VEHICLE ECONOMIC DYNAMICS CAPITAL INTENSITY ROAD COSTS ROAD NETWORK ECONOMIC BENEFITS TRANSPORT PUBLIC FUNDS PORT AUTHORITY CONTRACTS MOBILITY PUBLIC SAFETY OPTIONS EXTERNALITIES METROPOLITAN TRANSPORTATION MARKETS POLLUTION INDICATORS PUBLIC TRANSPORT CLIMATE CHANGE LARGE‐SCALE INFRASTRUCTURE ROAD NETWORK PORTS RURAL ROADS FUELS POWER DISTRIBUTION SUBSIDIES PUBLIC UTILITIES FINANCE PUBLIC INVESTMENT INFRASTRUCTURE RAIL NETWORK INFRASTRUCTURE INVESTMENT DEMAND FOR INFRASTRUCTURE INVESTMENT INFRASTRUCTURE DEVELOPMENT PUBLIC SAFETY TRANSMISSION LINES INFRASTRUCTURE POLICY TRANSPORTATION GROWTH MODEL TRANSIT CLIMATE CHANGE METROPOLITAN TRANSPORTATION AUTHORITY INFRASTRUCTURE PROVISION PUBLIC SECTOR INFRASTRUCTURE MANAGEMENT INFRASTRUCTURE INVESTMENT PROJECTS UTILITIES POWER TRANSPORTATION INVESTMENT INFRASTRUCTURE REHABILITATION GROWTH RATES RURAL INFRASTRUCTURE TRANSPORTATION DECISION MOTOR VEHICLES PUBLIC TRANSPORT TRANSPORT INFRASTRUCTURE ROAD PROJECTS PUBLIC WORKS INFRASTRUCTURE PROJECTS TRANSPORTATION INVESTMENT ECONOMICS BRIDGE INFRASTRUCTURE PROJECTS ROADS INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS SPRAWL CAPITAL INTENSITY ECONOMIC DEVELOPMENT SLUMS HIGHWAY DEMAND FOR INFRASTRUCTURE INVESTMENT RAILWAYS INFRASTRUCTURE MANAGEMENT ECONOMIC CHARACTERISTICS EDUCATION DISTRIBUTION GRID STOCKS INVESTMENT STATISTICS METROPOLITAN TRANSPORTATION AUTHORITY ECONOMIC DEVELOPMENT RAIL RURAL INFRASTRUCTURE SANITATION INFRASTRUCTURE PUBLIC INFRASTRUCTURE TRANSPORTATION DECISION INVESTMENTS PRIVATE VEHICLE PORT AUTHORITY INVESTMENT COSTS LONG TERM INVESTMENTS ECONOMIC BENEFITS TRANSPORTATION AUTHORITY DIESEL SAFETY URBAN SPRAWL ECONOMIC GROWTH INFRASTRUCTURE INVESTMENT PROJECTS INFRASTRUCTURES TRANSMISSION LINES AGGLOMERATION PRICES NEGATIVE EXTERNALITIES AGGLOMERATION EFFECTS BOTTLENECKS PUBLIC FUNDS POOR HOUSEHOLDS Andres, Luis Biller, Dan Herrera Dappe, Matias A Methodological Framework for Prioritizing Infrastructure Investment |
| relation |
Policy Research Working Paper;No. 7433 |
| description |
Policy makers are often confronted with
a myriad of factors in the investment decision-making
process. This issue is particularly acute in infrastructure
investment decisions, as these often involve significant
financial resources and lock-in technologies. In regions and
countries where the infrastructure access gap is large and
pubic budgets severely constrained, the importance of
considering the different facets of the decision-making
process becomes even more relevant. This paper discusses the
trade-offs policy makers confront when attempting to
prioritize infrastructure investments, in particular with
regard to economic growth and welfare, and proposes a
methodological framework for prioritizing infrastructure
projects and portfolios that holistically equates such
trade-offs, among others. The analysis suggests that it is
not desirable to have a single methodology, providing a
single ranking of infrastructure investments, because of the
complexities of infrastructure investments. Rather, a
multidisciplinary approach should be taken. Decision makers
will also need to account for factors that are often not
easily measured. While having techniques that enable logical
frameworks in the decision-making process of establishing
priorities is highly desirable, they are no substitute for
consensus building and political negotiations. |
| format |
Working Paper |
| author |
Andres, Luis Biller, Dan Herrera Dappe, Matias |
| author_facet |
Andres, Luis Biller, Dan Herrera Dappe, Matias |
| author_sort |
Andres, Luis |
| title |
A Methodological Framework for Prioritizing Infrastructure Investment |
| title_short |
A Methodological Framework for Prioritizing Infrastructure Investment |
| title_full |
A Methodological Framework for Prioritizing Infrastructure Investment |
| title_fullStr |
A Methodological Framework for Prioritizing Infrastructure Investment |
| title_full_unstemmed |
A Methodological Framework for Prioritizing Infrastructure Investment |
| title_sort |
methodological framework for prioritizing infrastructure investment |
| publisher |
World Bank, Washington, DC |
| publishDate |
2015 |
| url |
http://documents.worldbank.org/curated/en/2015/10/25124940/methodological-framework-prioritizing-infrastructure-investment http://hdl.handle.net/10986/22855 |
| _version_ |
1764452241213751296 |
| spelling |
okr-10986-228552021-04-23T14:04:11Z A Methodological Framework for Prioritizing Infrastructure Investment Andres, Luis Biller, Dan Herrera Dappe, Matias SANITATION GROWTH RATES INFRASTRUCTURE INVESTMENTS TRANSPORTATION SYSTEM INFRASTRUCTURE PROVISION WATER SERVICES TRANSPORT SECTOR PUBLIC UTILITIES INFRASTRUCTURE ASSETS TRANSPORTATION INFRASTRUCTURE ECONOMIC GROWTH POWER PLANTS INFRASTRUCTURE SERVICES FOSSIL FUELS RAIL NETWORK METROPOLITAN TRANSPORTATION VALUATION ECONOMIC WELFARE LONG TERM INVESTMENTS TRANSPORT INFRASTRUCTURE PUBLIC SECTOR VEHICLES INDUSTRY GENERATION INFRASTRUCTURE REHABILITATION TRANSPORTATION RESEARCH ELASTICITY INFRASTRUCTURE DEVELOPMENT ECONOMIC WELFARE AGGLOMERATION EFFECTS INVESTMENT PLANNING GROWTH MODEL ECONOMIC DYNAMICS PUBLIC INFRASTRUCTURE TRANSPORTATION SYSTEM AIRPORTS INFRASTRUCTURE SECTOR WEALTH MARKET ACCESS ECONOMIC LOSS MARKET ACCESS TRANSPORT INVESTMENT INFRASTRUCTURE SERVICES RENTS ECONOMIC INFRASTRUCTURE TRANSPORTATION INFRASTRUCTURE OPEN ACCESS ECONOMIC CHARACTERISTICS TRANSPORT SECTOR MOTOR VEHICLES VEHICLE ECONOMIC DYNAMICS CAPITAL INTENSITY ROAD COSTS ROAD NETWORK ECONOMIC BENEFITS TRANSPORT PUBLIC FUNDS PORT AUTHORITY CONTRACTS MOBILITY PUBLIC SAFETY OPTIONS EXTERNALITIES METROPOLITAN TRANSPORTATION MARKETS POLLUTION INDICATORS PUBLIC TRANSPORT CLIMATE CHANGE LARGE‐SCALE INFRASTRUCTURE ROAD NETWORK PORTS RURAL ROADS FUELS POWER DISTRIBUTION SUBSIDIES PUBLIC UTILITIES FINANCE PUBLIC INVESTMENT INFRASTRUCTURE RAIL NETWORK INFRASTRUCTURE INVESTMENT DEMAND FOR INFRASTRUCTURE INVESTMENT INFRASTRUCTURE DEVELOPMENT PUBLIC SAFETY TRANSMISSION LINES INFRASTRUCTURE POLICY TRANSPORTATION GROWTH MODEL TRANSIT CLIMATE CHANGE METROPOLITAN TRANSPORTATION AUTHORITY INFRASTRUCTURE PROVISION PUBLIC SECTOR INFRASTRUCTURE MANAGEMENT INFRASTRUCTURE INVESTMENT PROJECTS UTILITIES POWER TRANSPORTATION INVESTMENT INFRASTRUCTURE REHABILITATION GROWTH RATES RURAL INFRASTRUCTURE TRANSPORTATION DECISION MOTOR VEHICLES PUBLIC TRANSPORT TRANSPORT INFRASTRUCTURE ROAD PROJECTS PUBLIC WORKS INFRASTRUCTURE PROJECTS TRANSPORTATION INVESTMENT ECONOMICS BRIDGE INFRASTRUCTURE PROJECTS ROADS INFRASTRUCTURE INVESTMENT INFRASTRUCTURE INVESTMENTS SPRAWL CAPITAL INTENSITY ECONOMIC DEVELOPMENT SLUMS HIGHWAY DEMAND FOR INFRASTRUCTURE INVESTMENT RAILWAYS INFRASTRUCTURE MANAGEMENT ECONOMIC CHARACTERISTICS EDUCATION DISTRIBUTION GRID STOCKS INVESTMENT STATISTICS METROPOLITAN TRANSPORTATION AUTHORITY ECONOMIC DEVELOPMENT RAIL RURAL INFRASTRUCTURE SANITATION INFRASTRUCTURE PUBLIC INFRASTRUCTURE TRANSPORTATION DECISION INVESTMENTS PRIVATE VEHICLE PORT AUTHORITY INVESTMENT COSTS LONG TERM INVESTMENTS ECONOMIC BENEFITS TRANSPORTATION AUTHORITY DIESEL SAFETY URBAN SPRAWL ECONOMIC GROWTH INFRASTRUCTURE INVESTMENT PROJECTS INFRASTRUCTURES TRANSMISSION LINES AGGLOMERATION PRICES NEGATIVE EXTERNALITIES AGGLOMERATION EFFECTS BOTTLENECKS PUBLIC FUNDS POOR HOUSEHOLDS Policy makers are often confronted with a myriad of factors in the investment decision-making process. This issue is particularly acute in infrastructure investment decisions, as these often involve significant financial resources and lock-in technologies. In regions and countries where the infrastructure access gap is large and pubic budgets severely constrained, the importance of considering the different facets of the decision-making process becomes even more relevant. This paper discusses the trade-offs policy makers confront when attempting to prioritize infrastructure investments, in particular with regard to economic growth and welfare, and proposes a methodological framework for prioritizing infrastructure projects and portfolios that holistically equates such trade-offs, among others. The analysis suggests that it is not desirable to have a single methodology, providing a single ranking of infrastructure investments, because of the complexities of infrastructure investments. Rather, a multidisciplinary approach should be taken. Decision makers will also need to account for factors that are often not easily measured. While having techniques that enable logical frameworks in the decision-making process of establishing priorities is highly desirable, they are no substitute for consensus building and political negotiations. 2015-11-05T14:26:50Z 2015-11-05T14:26:50Z 2015-10 Working Paper http://documents.worldbank.org/curated/en/2015/10/25124940/methodological-framework-prioritizing-infrastructure-investment http://hdl.handle.net/10986/22855 English en_US Policy Research Working Paper;No. 7433 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |