Jenkins, Glenn Paul; Kuo, Chun-Yan; Harberger, Arnold C. - Economics Department, Queen's University - 2011
The purpose of this chapter is to illustrate how a proposed investment in upgrading a gravel road to a tarred surface should be evaluated. The project is located in the Limpopo Province of South Africa. It involves upgrading of two existing, mainly gravel, roads into a tar surface road...