Transport and Communications Bulletin for Asia and the Pacific, No. 75 "Road Maintenance Funds"

Transport and Communications Bulletin for Asia and the Pacific, No. 75 "Road Maintenance Funds"

Date: 
Thursday, January 6, 2005
Type: 
Journals
ISBN: 
92-1-120448-8
Abstract

Funds available from government budgetary allocations are often significantly less than the amount required to maintain the road network of a country. Faced with this problem, governments have taken various alternative measures to secure funding. One of these alternative measures is the establishment of a dedicated road fund. Governments in many countries have set up such funds as a sustainable mechanism for financing the needs of their road sectors. The articles included in this volume consider some of the dedicated road funds established in Asia and the Pacific region, Latin America and the Caribbean and sub-Saharan Africa. The articles discuss the management structure and operational aspects of these funds, lessons learned from their operation and important policy issues related to financing of road maintenance and long-term sustainability of road funds.

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