Road transport has long been the dominant form of transport for freight and passenger movement throughout the world. Because most road projects require investments with long amortization periods and because many projects do not generate enough demand to become self-financing through some type of...

To increase investment in infrastructure, in the early 1990s Chile's government introduced private capital into the transport infrastructure sector, covering roads and highways, bridges, tunnels, and airports. The chosen mechanism: a concession scheme through which private firms would finance...

In a road infrastructure concession, a public authority grants specific rights to a private, or semi-public company to construct, overhaul, maintain, and operate infrastructure for a given period. By contract, the public authority charges that company with making the investments needed to create...

This report presents a methodological framework for reviewing the financial performance of government agencies responsible for transport. The framework is applied in a detailed case study in Tanzania (the transport infrastructure of which is seriously run down) and on desk studies in 14 other...

The authors investigate the association between per capita income and the magnitude and quality of road infrastructure. They adopt an empirical approach, directly comparing or correlating a countries income with selected variables associated with existing road networks. Cross-section analysis of...

The author presents a conceptual framework for road pricing based on a rigorous diagrammatic - but nonmathematical - framework derived from first (economic) principles. His analysis of traditional arguments about road pricing shows why implementing congestion pricing as practiced in the past has...

The authors use a contingent valuation method to study the design of economic incentives to phase out polluting motorcycles in Bangkok. Like in many other cities, the government of Bangkok has been considering a series of control measures to discourage and eventually eliminate the use of heavily...

Discussions of competition and regulatory reform typically focus on price and quantity effects. But improving certain infrastructure services can also stimulate entry, and competition in user industries downstream, allowing new firms to enter, incumbent users to offer new products, and rivalry...

The authors make the case for the return of regulation in the organization of urban bus services in developing countries. During the past three decades urban public transport policy has gone through several phases. The 1980s and 1990s were characterized by liberalization of the sector from...

Transport infrastructure plays a central role in rural development, yet little is known about the size - or, especially, the distribution - of benefits from road investments. Among other benefits, rural roads provide cheaper access to both markets for agricultural output and for modern inputs....