Prioritizing Infrastructure Investment : A Framework for Government Decision Making
Governments must decide how to allocate limited resources for infrastructure development, particularly since financing gaps have been projected for the coming decades. Social cost-benefit analysis provides sound project appraisal and, when systemat...
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| Format: | Working Paper |
| Language: | English en_US |
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/2016/05/26374792/prioritizing-infrastructure-investment-framework-government-decision-making http://hdl.handle.net/10986/24511 |
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okr-10986-24511 |
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| recordtype |
oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
SANITATION COMMUNITIES TRANSPORT SECTOR POLITICS PRINCIPAL INTEREST TRANSPORT INFRASTRUCTURE TRANSPORT ANALYSIS PRIVATIZATION ENVIRONMENTAL COSTS GROUPS STRATEGIES DATA COLLECTION TRANSPORTATION RESEARCH INFORMATION PROGRAMS WATER SUPPLY SERVICES EMISSIONS PUBLIC SERVICES DECISION MAKERS INFRASTRUCTURE DEVELOPMENT ENVIRONMENTAL BENEFITS GREENHOUSE EMISSIONS HEALTH BUDGET CONSTRAINTS MODELS PRICING PROJECTS PROJECT CITIES PLANNING WEALTH INFORMATION SYSTEMS UNDERGROUND TRANSPORTATION INFRASTRUCTURE INFRASTRUCTURE PLANNING MUNICIPALITIES BUDGET PLANS KNOWLEDGE PRESENT VALUE PUBLIC POLICY DATA ROAD COSTS TRAINING CLIENT COUNTRIES PARTNERSHIPS DECISION‐MAKING PROGRAMMING TRANSPORT COST OF LIVING EXTERNALITIES EXPERTS CRITERIA MARKETS PROJECT EVALUATION TRANSPORTATION PLANNING LOCAL GOVERNMENT POLLUTION CENTRAL GOVERNMENTS TRANSPORT PROJECTS RESEARCH NATIONAL INFRASTRUCTURE DECISION‐ MAKERS TRANSPORT POLICY FINANCE GRANTS REGIONAL DISPARITIES EXPERT JUDGMENT CARBON EMISSIONS INFRASTRUCTURE FINANCIAL EFFICIENCY DESIGN LAND USE INFRASTRUCTURE INVESTMENT TECHNOLOGY EMERGING MARKETS PPPS EQUITY INITIATIVES TRANSPORTATION ACCOUNTABILITY POLICIES SCIENCE TRANSPARENCY ARCHITECTURES SOFTWARE RESETTLEMENT DESCRIPTION PARTICIPATION VALUE EFFICIENCY OF INFRASTRUCTURE BANK ENVIRONMENTAL IMPACTS BUDGETS ECONOMIC SECTORS MDB DECISION‐MAKERS PUBLIC TRANSPORT DECISION MAKING MARKET INFRASTRUCTURE PROJECTS URBAN DEVELOPMENT POLICY MEDIA SOFTWARE APPLICATIONS GOVERNANCE PROFITABILITY ECONOMIC DEVELOPMENT CAPITAL BUDGETING LAND ECONOMIES OF SCALE INVESTMENT INFRASTRUCTURE‐PROJECTS RISK EQUALITY RURAL AREAS SUBNATIONAL GOVERNMENTS DECISION‐ MAKING INFRASTRUCTURE FINANCE SOCIAL COHESION FACILITIES LAW INVESTMENTS FUNDING LENDING RESEARCH METHODS COST-BENEFIT ANALYSIS CAPITAL INVESTMENT GOVERNMENTS LAND‐USE SERVICE INFRASTRUCTURES BOTTLENECKS |
| spellingShingle |
SANITATION COMMUNITIES TRANSPORT SECTOR POLITICS PRINCIPAL INTEREST TRANSPORT INFRASTRUCTURE TRANSPORT ANALYSIS PRIVATIZATION ENVIRONMENTAL COSTS GROUPS STRATEGIES DATA COLLECTION TRANSPORTATION RESEARCH INFORMATION PROGRAMS WATER SUPPLY SERVICES EMISSIONS PUBLIC SERVICES DECISION MAKERS INFRASTRUCTURE DEVELOPMENT ENVIRONMENTAL BENEFITS GREENHOUSE EMISSIONS HEALTH BUDGET CONSTRAINTS MODELS PRICING PROJECTS PROJECT CITIES PLANNING WEALTH INFORMATION SYSTEMS UNDERGROUND TRANSPORTATION INFRASTRUCTURE INFRASTRUCTURE PLANNING MUNICIPALITIES BUDGET PLANS KNOWLEDGE PRESENT VALUE PUBLIC POLICY DATA ROAD COSTS TRAINING CLIENT COUNTRIES PARTNERSHIPS DECISION‐MAKING PROGRAMMING TRANSPORT COST OF LIVING EXTERNALITIES EXPERTS CRITERIA MARKETS PROJECT EVALUATION TRANSPORTATION PLANNING LOCAL GOVERNMENT POLLUTION CENTRAL GOVERNMENTS TRANSPORT PROJECTS RESEARCH NATIONAL INFRASTRUCTURE DECISION‐ MAKERS TRANSPORT POLICY FINANCE GRANTS REGIONAL DISPARITIES EXPERT JUDGMENT CARBON EMISSIONS INFRASTRUCTURE FINANCIAL EFFICIENCY DESIGN LAND USE INFRASTRUCTURE INVESTMENT TECHNOLOGY EMERGING MARKETS PPPS EQUITY INITIATIVES TRANSPORTATION ACCOUNTABILITY POLICIES SCIENCE TRANSPARENCY ARCHITECTURES SOFTWARE RESETTLEMENT DESCRIPTION PARTICIPATION VALUE EFFICIENCY OF INFRASTRUCTURE BANK ENVIRONMENTAL IMPACTS BUDGETS ECONOMIC SECTORS MDB DECISION‐MAKERS PUBLIC TRANSPORT DECISION MAKING MARKET INFRASTRUCTURE PROJECTS URBAN DEVELOPMENT POLICY MEDIA SOFTWARE APPLICATIONS GOVERNANCE PROFITABILITY ECONOMIC DEVELOPMENT CAPITAL BUDGETING LAND ECONOMIES OF SCALE INVESTMENT INFRASTRUCTURE‐PROJECTS RISK EQUALITY RURAL AREAS SUBNATIONAL GOVERNMENTS DECISION‐ MAKING INFRASTRUCTURE FINANCE SOCIAL COHESION FACILITIES LAW INVESTMENTS FUNDING LENDING RESEARCH METHODS COST-BENEFIT ANALYSIS CAPITAL INVESTMENT GOVERNMENTS LAND‐USE SERVICE INFRASTRUCTURES BOTTLENECKS Marcelo, Darwin Mandri-Perrott, Cledan House, Schuyler Schwartz, Jordan Prioritizing Infrastructure Investment : A Framework for Government Decision Making |
| relation |
Policy Research Working Paper;No. 7674 |
| description |
Governments must decide how to allocate
limited resources for infrastructure development,
particularly since financing gaps have been projected for
the coming decades. Social cost-benefit analysis provides
sound project appraisal and, when systematically applied, a
basis for prioritization. In some instances, however,
capacity and resource limitations make extensive economic
analyses across all projects unfeasible in the immediate
term. This paper responds to a need for expanding the
available set of tools for project selection by proposing an
alternative prioritization approach that is systematic and
feasible within the current resource means of government.
The Infrastructure Prioritization Framework is a
multi-criteria decision support tool that considers project
outcomes along two dimensions, social-environmental and
financial-economic. When large sets of small- to
medium-sized projects are proposed, resources are limited,
and basic project appraisal data (but not full social
cost-benefit analysis) are available, the Infrastructure
Prioritization Framework can inform project selection by
combining selection criteria into social-environmental and
financial-economic indexes. These indexes are used to plot
projects on a Cartesian plane, and the sector budget is
imposed to create a project map for comparison along each
dimension. The Infrastructure Prioritization Framework is
structured to accommodate multiple policy objectives, attend
to social and environmental factors, provide an intuitive
platform for displaying results, and take advantage of
available data while promoting capacity building and data
collection for more sophisticated appraisal methods and
selection frameworks. Decision criteria, weighting, and
sensitivity analysis should be decided and made transparent
in advance of selection, and analysis should be made
publicly available and open to third-party review. |
| format |
Working Paper |
| author |
Marcelo, Darwin Mandri-Perrott, Cledan House, Schuyler Schwartz, Jordan |
| author_facet |
Marcelo, Darwin Mandri-Perrott, Cledan House, Schuyler Schwartz, Jordan |
| author_sort |
Marcelo, Darwin |
| title |
Prioritizing Infrastructure Investment : A Framework for Government Decision Making |
| title_short |
Prioritizing Infrastructure Investment : A Framework for Government Decision Making |
| title_full |
Prioritizing Infrastructure Investment : A Framework for Government Decision Making |
| title_fullStr |
Prioritizing Infrastructure Investment : A Framework for Government Decision Making |
| title_full_unstemmed |
Prioritizing Infrastructure Investment : A Framework for Government Decision Making |
| title_sort |
prioritizing infrastructure investment : a framework for government decision making |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/2016/05/26374792/prioritizing-infrastructure-investment-framework-government-decision-making http://hdl.handle.net/10986/24511 |
| _version_ |
1764456911770484736 |
| spelling |
okr-10986-245112021-04-23T14:04:22Z Prioritizing Infrastructure Investment : A Framework for Government Decision Making Marcelo, Darwin Mandri-Perrott, Cledan House, Schuyler Schwartz, Jordan SANITATION COMMUNITIES TRANSPORT SECTOR POLITICS PRINCIPAL INTEREST TRANSPORT INFRASTRUCTURE TRANSPORT ANALYSIS PRIVATIZATION ENVIRONMENTAL COSTS GROUPS STRATEGIES DATA COLLECTION TRANSPORTATION RESEARCH INFORMATION PROGRAMS WATER SUPPLY SERVICES EMISSIONS PUBLIC SERVICES DECISION MAKERS INFRASTRUCTURE DEVELOPMENT ENVIRONMENTAL BENEFITS GREENHOUSE EMISSIONS HEALTH BUDGET CONSTRAINTS MODELS PRICING PROJECTS PROJECT CITIES PLANNING WEALTH INFORMATION SYSTEMS UNDERGROUND TRANSPORTATION INFRASTRUCTURE INFRASTRUCTURE PLANNING MUNICIPALITIES BUDGET PLANS KNOWLEDGE PRESENT VALUE PUBLIC POLICY DATA ROAD COSTS TRAINING CLIENT COUNTRIES PARTNERSHIPS DECISION‐MAKING PROGRAMMING TRANSPORT COST OF LIVING EXTERNALITIES EXPERTS CRITERIA MARKETS PROJECT EVALUATION TRANSPORTATION PLANNING LOCAL GOVERNMENT POLLUTION CENTRAL GOVERNMENTS TRANSPORT PROJECTS RESEARCH NATIONAL INFRASTRUCTURE DECISION‐ MAKERS TRANSPORT POLICY FINANCE GRANTS REGIONAL DISPARITIES EXPERT JUDGMENT CARBON EMISSIONS INFRASTRUCTURE FINANCIAL EFFICIENCY DESIGN LAND USE INFRASTRUCTURE INVESTMENT TECHNOLOGY EMERGING MARKETS PPPS EQUITY INITIATIVES TRANSPORTATION ACCOUNTABILITY POLICIES SCIENCE TRANSPARENCY ARCHITECTURES SOFTWARE RESETTLEMENT DESCRIPTION PARTICIPATION VALUE EFFICIENCY OF INFRASTRUCTURE BANK ENVIRONMENTAL IMPACTS BUDGETS ECONOMIC SECTORS MDB DECISION‐MAKERS PUBLIC TRANSPORT DECISION MAKING MARKET INFRASTRUCTURE PROJECTS URBAN DEVELOPMENT POLICY MEDIA SOFTWARE APPLICATIONS GOVERNANCE PROFITABILITY ECONOMIC DEVELOPMENT CAPITAL BUDGETING LAND ECONOMIES OF SCALE INVESTMENT INFRASTRUCTURE‐PROJECTS RISK EQUALITY RURAL AREAS SUBNATIONAL GOVERNMENTS DECISION‐ MAKING INFRASTRUCTURE FINANCE SOCIAL COHESION FACILITIES LAW INVESTMENTS FUNDING LENDING RESEARCH METHODS COST-BENEFIT ANALYSIS CAPITAL INVESTMENT GOVERNMENTS LAND‐USE SERVICE INFRASTRUCTURES BOTTLENECKS Governments must decide how to allocate limited resources for infrastructure development, particularly since financing gaps have been projected for the coming decades. Social cost-benefit analysis provides sound project appraisal and, when systematically applied, a basis for prioritization. In some instances, however, capacity and resource limitations make extensive economic analyses across all projects unfeasible in the immediate term. This paper responds to a need for expanding the available set of tools for project selection by proposing an alternative prioritization approach that is systematic and feasible within the current resource means of government. The Infrastructure Prioritization Framework is a multi-criteria decision support tool that considers project outcomes along two dimensions, social-environmental and financial-economic. When large sets of small- to medium-sized projects are proposed, resources are limited, and basic project appraisal data (but not full social cost-benefit analysis) are available, the Infrastructure Prioritization Framework can inform project selection by combining selection criteria into social-environmental and financial-economic indexes. These indexes are used to plot projects on a Cartesian plane, and the sector budget is imposed to create a project map for comparison along each dimension. The Infrastructure Prioritization Framework is structured to accommodate multiple policy objectives, attend to social and environmental factors, provide an intuitive platform for displaying results, and take advantage of available data while promoting capacity building and data collection for more sophisticated appraisal methods and selection frameworks. Decision criteria, weighting, and sensitivity analysis should be decided and made transparent in advance of selection, and analysis should be made publicly available and open to third-party review. 2016-06-13T21:42:53Z 2016-06-13T21:42:53Z 2016-05 Working Paper http://documents.worldbank.org/curated/en/2016/05/26374792/prioritizing-infrastructure-investment-framework-government-decision-making http://hdl.handle.net/10986/24511 English en_US Policy Research Working Paper;No. 7674 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper |