It is widely accepted that roads play an important role in economic development, and help reduce poverty. However, the roads in many countries are poorly maintained.
Adequate funding for road maintenance is an important factor. This report is the result of a study to review international experience with the implementation of road fund initiatives, to assess how this experience can best be applied in Asia.
The report includes:
- Assessment of the issues and challenges to be addressed, resulting from research of existing initiatives and fact finding visits to several countries in Asia.
- A summary of generally accepted best practice, and recommendations for measures to overcome difficulties that have been encountered with some initiatives.
- A review of existing road fund initiatives.
- Report of a regional workshop where senior representatives from twenty Asian countries discussed road fund initiatives and made recommendations for future improvements.
- A bibliography of relevant papers and documents.
An overriding theme resulting from this study is the need to consider road funding within the wider context of comprehensive road sector reform, with proper attention to long term consistency and coordination between all stakeholders.
- Glossary
- Foreword
- The Issue
- The Facts
- The Lenders' Perspective
- The Developing Member Countries' Perspective
- The Challenges
- A Solution that Works
- An Alternative Solution
- An Approach to Combating Maintenance Neglect
- Appendixes