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An Integrated Investment Appraisal of a Road Project in Zimbabwe

Author

Listed:
  • Precious P. Adeshina

    (Cambridge Resources International Inc.)

  • Mikhail Miklyaev

    (Department of Economics, Queens University, Kingston, Ontario, Canada, K7L3N6 and Cambridge Resources International Inc.)

Abstract

Public resources are finite and as such should be employed efficiently. There is an opportunity cost in the use of resources in one project over another. Hence, there is a need to ensure that resources are put to their best use given that the same resources can be allocated to alternative uses. Hence, this Road Projects Appraisal serves the purpose of scrutinizing proposed road projects to ensure that public expenditure in the development of road infrastructure in Zimbabwe leads to the achievement of development objectives and socio-economic growth. The road project appraisal manual (RPAM) provides step by step guidance on how to formulate, prepare and appraise proposed road projects.

Suggested Citation

  • Precious P. Adeshina & Mikhail Miklyaev, 2022. "An Integrated Investment Appraisal of a Road Project in Zimbabwe," Development Discussion Papers 2022-09, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:4587
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    More about this item

    Keywords

    Cost Benefit Analysis; Road; Public Investment; Zimbabwe;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • L92 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Railroads and Other Surface Transportation
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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