Latin America and the Caribbean is the most urbanized region in the developing world. Its urbanization rate of almost 80 percent is comparable to that of high income countries. However, cities in the region are struggling to provide the infrastructure needed for their millions of residents to...

Latin America and the Caribbean is the most urbanized region in the developing world. Its urbanization rate of almost 80 % is comparable to that of high-income countries. However, cities in the region are struggling to provide the infrastructure needed for their millions of residents to enjoy a...

This paper argues that because of the irreversibility and uncertainty associated with Build-Operate-Transfer (BOT) infrastructure projects, their financial evaluation should also routinely include the determination of the value of the option to defer the construction start-up. This ensures that...

Brings out various features of infrastructural development in Gujarat, and provides an explanation in terms of endowments and political economy for the enhanced performance of Gujarat in some of the physical infrastructure segments like electricity, roads, ports. Suggest suitable policy and...

This overview of issues that regulators should be aware of in demand forecasting discusses challenges that come with the decision to privatize transport, the perverse incentives introduced when privatization teams use strategic demand forecasts to evaluate assets, the most common problems with...

This paper analyses the relationship between road infrastructure improvements and investment in capital assets. Using aggregate data at a provincial level for 1977-2008, an equation for machinery and equipment investment is estimated applying Panel Corrected Standard Errors. The results indicate...

One of the main problems that hinder the development of railway transport in countries such as Bulgaria is the lack of fully liberalized market. As a result of the review of the Trans-European Transport Network Corridors in 2014, most of the Bulgarian transport strategy documents for the period...

This paper begins by motivating the need for including "wider economic effects" when conducting transport infrastructure appraisal, followed by a discussion of various techniques to do so. The major focus is on studies from the cost function perspective that incorporate spillover benefits from...

Germany’s 1990 reunification necessitated highway connections between an underdeveloped region and a western country. The 2009/2013 German Autobahn highway A38 completion/additions alleviated congestion, enhanced connectivity, and increased pollution/noise. Using German residential real estate...

This report provides a brief overview of state infrastructure banks (SIBs) from the perspective of the Commonwealth of Virginia. It includes three simplified illustrations of how a SIB might use its initial capitalization and/or ongoing revenue. The report also discusses the federal TIFIA...