A Methodological Framework for Prioritizing Infrastructure Investment / Andres, Luis

By: Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: World Bank E-Library ArchivePublisher: Washington, D.C : The World Bank, 2015Description: 1 Online-Ressource (19 p)Additional physical formats: Erscheint auch als: A Methodological Framework for Prioritizing Infrastructure Investment. Druck-Ausgabe Washington, D.C : The World Bank, 2015DOI: DOI: 10.1596/1813-9450-7433Online resources: Summary: Policy makers are often confronted with a myriad of factors in the investment decision-making process. This issue is particularly acute in infrastructure investment decisions, as these often involve significant financial resources and lock-in technologies. In regions and countries where the infrastructure access gap is large and pubic budgets severely constrained, the importance of considering the different facets of the decision-making process becomes even more relevant. This paper discusses the trade-offs policy makers confront when attempting to prioritize infrastructure investments, in particular with regard to economic growth and welfare, and proposes a methodological framework for prioritizing infrastructure projects and portfolios that holistically equates such trade-offs, among others. The analysis suggests that it is not desirable to have a single methodology, providing a single ranking of infrastructure investments, because of the complexities of infrastructure investments. Rather, a multidisciplinary approach should be taken. Decision makers will also need to account for factors that are often not easily measured. While having techniques that enable logical frameworks in the decision-making process of establishing priorities is highly desirable, they are no substitute for consensus building and political negotiationsPPN: PPN: 1724862960Package identifier: Produktsigel: ZDB-1-WBA
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