Assessing the Value of Market Access from Belt and Road Projects

The present value of market access from the Belt and Road Initiative in Eurasia does not exceed its costs. Many transportation projects are of little value because they fail to create new least-cost paths between large population centers, or because they create redundancy with paths already on the n...

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Main Authors:	Reed, Tristan, Trubetskoy, Alexandr
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2019
Subjects:	MARKET ACCESS TRANSPORT INFRASTRUCTURE COST BENEFIT ANALYSIS BELT AND ROAD INITIATIVE TRANSPORT CORRIDORS
Online Access:	http://documents.worldbank.org/curated/en/333001554988427234/Assessing-the-Value-of-Market-Access-from-Belt-and-Road-Projects http://hdl.handle.net/10986/31544

id	okr-10986-31544
recordtype	oai_dc
spelling	okr-10986-315442022-09-20T00:14:25Z Assessing the Value of Market Access from Belt and Road Projects Reed, Tristan Trubetskoy, Alexandr MARKET ACCESS TRANSPORT INFRASTRUCTURE COST BENEFIT ANALYSIS BELT AND ROAD INITIATIVE TRANSPORT CORRIDORS The present value of market access from the Belt and Road Initiative in Eurasia does not exceed its costs. Many transportation projects are of little value because they fail to create new least-cost paths between large population centers, or because they create redundancy with paths already on the network. If built in isolation, only about one-third of projects provide market access gains. However, considering the proposed new transport infrastructure as a system, the share of projects that provide gains increases to almost two-thirds. International coordination and rigorous project selection allow mutual benefit from the investment program. 2019-04-11T21:37:50Z 2019-04-11T21:37:50Z 2019-04 Working Paper http://documents.worldbank.org/curated/en/333001554988427234/Assessing-the-Value-of-Market-Access-from-Belt-and-Road-Projects http://hdl.handle.net/10986/31544 English Policy Research Working Paper;No. 8815 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 East Asia and Pacific Europe and Central Asia South Asia China
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	MARKET ACCESS TRANSPORT INFRASTRUCTURE COST BENEFIT ANALYSIS BELT AND ROAD INITIATIVE TRANSPORT CORRIDORS
spellingShingle	MARKET ACCESS TRANSPORT INFRASTRUCTURE COST BENEFIT ANALYSIS BELT AND ROAD INITIATIVE TRANSPORT CORRIDORS Reed, Tristan Trubetskoy, Alexandr Assessing the Value of Market Access from Belt and Road Projects
geographic_facet	East Asia and Pacific Europe and Central Asia South Asia China
relation	Policy Research Working Paper;No. 8815
description	The present value of market access from the Belt and Road Initiative in Eurasia does not exceed its costs. Many transportation projects are of little value because they fail to create new least-cost paths between large population centers, or because they create redundancy with paths already on the network. If built in isolation, only about one-third of projects provide market access gains. However, considering the proposed new transport infrastructure as a system, the share of projects that provide gains increases to almost two-thirds. International coordination and rigorous project selection allow mutual benefit from the investment program.
format	Working Paper
author	Reed, Tristan Trubetskoy, Alexandr
author_facet	Reed, Tristan Trubetskoy, Alexandr
author_sort	Reed, Tristan
title	Assessing the Value of Market Access from Belt and Road Projects
title_short	Assessing the Value of Market Access from Belt and Road Projects
title_full	Assessing the Value of Market Access from Belt and Road Projects
title_fullStr	Assessing the Value of Market Access from Belt and Road Projects
title_full_unstemmed	Assessing the Value of Market Access from Belt and Road Projects
title_sort	assessing the value of market access from belt and road projects
publisher	World Bank, Washington, DC
publishDate	2019
url	http://documents.worldbank.org/curated/en/333001554988427234/Assessing-the-Value-of-Market-Access-from-Belt-and-Road-Projects http://hdl.handle.net/10986/31544
_version_	1764474567972093952

Assessing the Value of Market Access from Belt and Road Projects

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