This study undertakes an integrated financial, economic and distributive appraisal of an Independent Power Producer (IPP) project to generate electricity. The critical issue is that the private sponsors of the IPP have proposed to build a single cycle electricity generation plant that is...

Non-tradable items are those which are not traded internationally. They include items such as services where the demander and producer must be in the same location, and commodities which have low value relative to either their weight or volume. In such cases the transportation charges prevent...

This chapter will focus on the problems of evaluating transportation projects in the context of the less-developed countries. Emphasis will be placed on highway projects, because these account for the bulk of transport investments in the developing parts of the world. If a project passes a...

In the 1980s, investments in Panama’s water supply and sanitation sector centered on expanding the system capacity to meet the growing demand. However, since the facilities were constructed, maintenance had been neither fully performed nor properly programmed and maintained. As a...

Non-tradable items are those which are not traded internationally. They include items such as services where the demander and producer must be in the same location, and commodities which have low value relative to either their weight or volume. In such cases the transportation charges prevent...

The economic cost of capital, as measured in Chapter 8, deals with the intertemporal comparisons. It links the annual flows of benefits and costs over a project's life to its initial capital investment. In the present chapter we deal with another facet of the act of raising project funds from...