Comparative preliminary assessment for public investment projects Use of socio-economic benefits (or "wider benefits")

2015 ◽  
pp. 485-506
Author(s):  
Robert Stakowski
Keyword(s):  
Public Investment ◽  
Economic Benefits ◽  
Preliminary Assessment ◽  
Investment Projects

Statewide Assessment of Broader Economic Benefits from Transportation Investment: Integration of Travel Demand Models and SHRP 2 Project C11 Tools in Maryland

2015 ◽  
Vol 2531 (1) ◽  
pp. 17-25 ◽  
Author(s):  
Eirini Kastrouni ◽  
Elham Shayanfar ◽  
Paul M. Schonfeld ◽  
Subrat Mahapatra ◽  
Lei Zhang
Keyword(s):  
Travel Demand ◽  
Public Investment ◽  
Economic Benefits ◽  
Federal State ◽  
Travel Time Reliability ◽  
Demand Model ◽  
Investment Projects ◽  
Demand Models ◽  
State And Local ◽  
Local Agencies

Project selection and prioritization are of utmost importance to federal, state, and local agencies and should be performed cautiously on the basis of expected project costs and benefits. Informed resource allocation decisions with respect to project candidates not only maximize public investment benefits but create economic opportunities and ultimately improve quality of life. With the use of tools readily available to most state agencies (e.g., travel demand models), along with the open-source SHRP 2 Project C11 tools, planners and engineers can proceed with informed statewide assessments of investment projects that yield benefits in market accessibility, travel time reliability, and connectivity. In this study, a seven-level framework was proposed to integrate a travel demand model with the SHRP 2 Project C11 tools and to showcase its functionality with the Intercounty Connector (ICC) MD-200 in Maryland as a case study. After a customized version of the SHRP 2 tools was developed in which Maryland-specific values were used in lieu of the default SHRP 2 parameters, the results suggested that, in the year 2030, a total increase of approximately 1% in buyer–supplier market accessibility would be achieved in the counties that surrounded the ICC as a result of the new construction. Also, all three corridors parallel to the ICC, which served similar origin–destination pairs, would experience a decrease in recurring and incident delays attributable to the ICC. In dollar terms, the value of the total annual benefits from the ICC construction in the year 2030 would amount to approximately $200 million.

The Use of Cost-Benefit Analysis for Evaluating Efficiency of Public Investment Projects (The Case of Sochi-2014 Winter Olympic Games)

2011 ◽  
pp. 57-78
Author(s):  
I. Pilipenko
Keyword(s):  
Net Present Value ◽  
Olympic Games ◽  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Investment Efficiency ◽  
Benefit Analysis ◽  
Step Method ◽  
Investment Projects ◽  
The Usa

The paper analyzes shortcomings of economic impact studies based mainly on input- output models that are often employed in Russia as well as abroad. Using studies about sport events in the USA and Olympic Games that took place during the last 30 years we reveal advantages of the cost-benefit analysis approach in obtaining unbiased assessments of public investments efficiency; the step-by-step method of cost-benefit analysis is presented in the paper as well. We employ the project of Sochi-2014 Winter Olympic and Paralympic Games in Russia to evaluate its efficiency using cost-benefit analysis for five accounts (areas of impact), namely government, households, environment, economic development, and social development, and calculate the net present value of the project taking into account its possible alternatives. In conclusion we suggest several policy directions that would enhance public investment efficiency within the Sochi-2014 Olympics.

How to Improve Performance in Public Investment Projects

2020 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Rui Gonçalves ◽  
Leandro Ferreira Pereira ◽  
Álvaro Dias ◽  
Renato Lopes Da Costa
Keyword(s):  
Public Investment ◽  
Improve Performance ◽  
Investment Projects

scholarly journals Challenges of MCA in Public Investment Projects

2017 ◽  
Author(s):  
Andrius Tamošiūnas
Keyword(s):  
Management System ◽  
Euclidean Distance ◽  
Public Investment ◽  
Management Systems ◽  
Management Process ◽  
Inclusive Growth ◽  
State Budget ◽  
Investment Funds ◽  
Investment Projects ◽  
State Investment

Paper investigates peculiarities of management of public investment projects subject to State Investment Program (SIP) in Lithuania. Using comparative analysis for compatibility of European Structural and Investment Funds (ESIF) and SIP management systems as well as utilizing multi criteria analysis (MCA) techniques with attention to the Euclidean distance author reveals challenges of rationality of evaluating, selecting and implementing public investment projects according to the requirements of inclusive growth applicable to the country under ESIF management system. In this regard, there is as well noticed that current regulations for pubic investments under SIP in the country inevitably requires significant improvement in order to ensure the rational use of the state budget funds and comply with the requirements for inclusive growth as set under ESIF management system. Subsequently possible solutions proposed focusing on improving specific tasks of the management process of evaluating, selecting, implementing public investment projects.

Linking Policies to Projects: The Key to Identifying the Right Public Investment Projects

2012 ◽  
Vol 43 (4) ◽  
pp. 14-26 ◽  
Author(s):  
Asmamaw Tadege Shiferaw ◽  
Ole Jonny Klakegg
Keyword(s):  
Public Investment ◽  
Investment Projects ◽  
The Right

Governance of Major Public Investment Projects: Principles and Practices in Six Countries

2017 ◽  
Vol 48 (3) ◽  
pp. 90-108 ◽  
Author(s):  
Gro Holst Volden ◽  
Knut Samset
Keyword(s):  
Quality Assurance ◽  
Project Management ◽  
Portfolio Management ◽  
Public Investment ◽  
Oecd Countries ◽  
Turn Of The Millennium ◽  
Investment Projects ◽  
Public Projects ◽  
Project Governance ◽  
Management Literature

This article compares the Norwegian scheme for quality assurance of major public projects with similar project governance schemes in five other OECD countries.1 All schemes have been introduced since the turn of the millennium and seem to be fairly consistent with recommendations from the project management literature. There are also a number of differences between the six schemes, for example, with regard to parties and roles, comprehensiveness, flexibility, organization, and whether portfolio management is covered. It is too early to make conclusions about their relative effects, but the evidence thus far indicates that there is much to learn across countries.

scholarly journals The Risk of Long-Term Financing of Public Investments

2019 ◽  
Vol 2 (2) ◽  
pp. 42
Author(s):  
Krzysztof Jarosiński ◽  
Benedykt Opałka
Keyword(s):  
Public Debt ◽  
Negative Impact ◽  
Capital Expenditure ◽  
Public Investment ◽  
Point Of View ◽  
Risk Category ◽  
Investment Projects ◽  
The Public ◽  
Public Investments ◽  
The Impact

The risk of financing of public investments is a phenomenon that accompanies development processes in a permanent manner. Investments in the public sector are generally characterized by relatively long implementation cycles and involve significant capital expenditure and the necessity of often parallel running a large number of investment projects. In the processes of this type of investment a specific risk category of financing of this type of investment is quite often taken into account, given that such projects are financed mainly from budgetary resources: the state budget and self-government budgets. Economic practice indicates an importance of the proper selection of the method of the financing of new investments and taking into account new funds from various sources. This situation is often the result of a shortage of budgetary resources from which public investments could be financed. There may be difficulties in financing investments resulting from the emergence of a risk of budgetary deficit and the public debt. This risk may have a negative impact on investment decisions and may adversely affect the future course of ongoing investment projects. The purpose of the paper is to undertake studies on the conditions of financing investments from the point of view of the possibility of budget deficit and public debt and the impact of changes in the financial situation on the overall level of risk of public investment. The text is an invitation to undertake a broader discussion on financing public investments in conditions of limited public financial resources.

scholarly journals La inversión pública y la reducción de la pobreza en la ciudad de Portoviejo

ECA Sinergia ◽  
2019 ◽  
Vol 10 (2) ◽  
pp. 7
Author(s):  
Nohemi Monserrate Palacios ◽  
Jasson Luis Zambrano ◽  
Manuel Andrés Ubillus
Keyword(s):  
Public Investment ◽  
Field Research ◽  
Investment Projects ◽  
Calidad De Vida ◽  
Education And Health ◽  
The People ◽  
Palabras Clave ◽  
Study Population ◽  
Basic Services ◽  
The City

  Las ideas que a continuación se desarrollan permiten aproximarse al conocimiento de aquellos aspectos que caracterizan a la inversión pública y su influencia en la reducción de la pobreza en la ciudad de Portoviejo, durante el periodo 2013- 2016 el cual se enfoca en identificar como las personas de esta localidad se han beneficiado con proyectos realizados por entidades gubernamentales y han incidido en su calidad de vida. Para lograr llevar a cabo este trabajo, inicialmente se obtuvo información de diversas fuentes como libros, folletos, páginas web, el GAD Municipal para conocer la inversión generada dentro de la ciudad. Mediante la investigación de campo se logró determinar que aproximadamente el 50% de la población objeto de estudio, obtiene sus ingresos a través de la informalidad, seguido del subempleo, identificando una cifra alarmante en la población de estudio, ya que sólo cuatro de cada 100 habitantes posee un trabajo fijo. Por otra parte, de las personas que se beneficiaron con los proyectos de inversión pública realizados, la mayoría de ellos se benefició con viviendas y un tercio de los mismos, de los servicios de educación y salud, mientras que en lo referente a servicios básicos realizados en esta localidad en el periodo de estudio, no alcanza el uno por ciento.   Palabras clave: Inversión, estado, pobreza, desarrollo, crecimiento.   ABSTRACT   The ideas that are developed below allow us to approach the knowledge of those aspects that characterize Public Investment and its influence in the reduction of poverty in the city of Portoviejo, during the period 2013-2016 which focuses on identifying how people from this locality they have benefited from projects carried out by government entities and have had an impact on their quality of life. To achieve this work, initially obtained information from various sources such as books, brochures, web pages, the Municipal GAD to know the investment generated within the city. Through field research it was possible to determine that of the population under study, almost half of it obtains its income through informality, followed by underemployment, identifying an alarming figure in the study population, since only four of every 100 inhabitants has a fixed job. On the other hand, of the people who benefited from the public investment projects carried out, most of them benefited from housing and a third of them, from education and health services, while in terms of basic services provided. in this locality in the period of study, it does not reach one percent.   Keywords: Investment, state, poverty, development, growth.

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