Abstract
India and China plan to pour billions of dollars into trunk road capacity and rural accessibility improvement projects over the next 15 years. However, there is concern about possible shortfalls in funding, largely because of competition from other sectors and numerous weaknesses in regulatory and control mechanisms in the road sector. Even if sufficient funds are available, inefficiencies in transport services and asset management are likely to return lower marginal rates on future investment. On the basis of a review of literature from the past 5 years, a case is outlined for further policy and strategy changes to maximize the benefits of investment in road assets. It is suggested that donors and governments should broaden support for the road sector to encompass transport services and traffic operations, with the aim of increasing productivity and decreasing negative externalities such as traffic accidents and vehicle emissions.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: Transportation Research Record: Journal of the Transportation Research Board
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
