Commercialization of Roads : A New Generation of Road Funds

The objective of this paper is to address the issue of building institutional and financial capacity for maintenance of the road network. Lessons learned: the involvement of road users and other stakeholders in the management of funds wins public s...

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Bibliographic Details
Main Author: World Bank
Format: Brief
Language:English
Published: Washington, DC 2012
Subjects:
Online Access:http://documents.worldbank.org/curated/en/1997/03/13994373/commercialization-roads-new-generation-road-funds
http://hdl.handle.net/10986/9940
Description
Summary:The objective of this paper is to address the issue of building institutional and financial capacity for maintenance of the road network. Lessons learned: the involvement of road users and other stakeholders in the management of funds wins public support and strengthens market discipline; and the introduction of sound business practices in the operations of road funds provides incentives for more efficient management.