PUBLIC INFRASTRUCTURE MAINTENANCE AND THE DISTRIBUTION OF WEALTH

2016 ◽  
Vol 55 (1) ◽  
pp. 175-186 ◽  
Author(s):  
John Gibson ◽  
Felix Rioja
2017 ◽  
Vol 05 (03) ◽  
Author(s):  
Edmund Nana Kwame Nkrumah ◽  
Tindi Stephen ◽  
Lydia Takyi ◽  
Oswin Aganda Anaba

Author(s):  
Wei-Jie Liao ◽  
Nai-Ling Kuo

In this chapter, the authors provide an overview of Taiwan's public infrastructure system using the recommended normative framework presented in Chapter 1. In general, most of Taiwan's practices fit the requirements suggested in Chapter 1. However, there are still rooms for improvements in prioritization, debt affordability analysis, and infrastructure maintenance. In addition, the build-operate-transfer (BOT) model and the so-called “Mosquito Buildings” also feature Taiwan's capital management and budgeting process and are discussed in this chapter. Nowadays, Taiwanese governments place much emphasis on disaster prevention, environmental protection, and renewable energy. These new trends may also affect Taiwan's capital management and budgeting process.


2020 ◽  
Vol 8 (12) ◽  
pp. 981
Author(s):  
Paola Valdepeñas ◽  
María Dolores Esteban Pérez ◽  
Carlos Henche ◽  
Raúl Rodríguez-Escribano ◽  
Gonzalo Fernández ◽  
...  

This work represents a paradigm shift in the approach to manage port infrastructure maintenance where the use of the building information modeling (BIM) method is very scarce, and it is now beginning. The new infrastructure conservation management method proposed in this manuscript combines traditional methods with new technology, covering the gap of the implementation of BIM in port maintenance. This new technology is the BIM method, and its use is already mandatory in public infrastructure projects in some countries. In this work, the BIM method is applied to the management of the conservation of port infrastructures to show the benefits that can be obtained using it. After the analysis of the state of the art in the conservation of port infrastructures, two of the main maritime works of the Outer Port of A Coruña were modeled in Revit. This as-built model serves as an inventory model and forms a large database of all the information regarding the conservation of the structures. In this way, all the data on the conservation of the port’s infrastructures are concentrated in a single source of information in which, in addition, there is a three-dimensional and georeferenced representation of the port in question. The main finding of this work is the development of a step by step method to implement BIM philosophy in port maintenance, highlighting the positive and negative points detected during the validation of the method in a real case, detecting future improvement research lines. Although BIM has a lot of advantages and possibilities just now, some improvements are still necessary.


2019 ◽  
Vol 4 (3) ◽  
pp. 41 ◽  
Author(s):  
Gelderman ◽  
Semeijn ◽  
Vries

A trend towards performance-based contracting (PBC) can be observed in public infrastructure maintenance. PBC is an approach of tying the contractor’s payment to specified performance. We investigated PBC for the maintenance of highways and roads in the Netherlands, identifying issues ultimately resulting in poor contractor performance. The PBC-induced risks for clients relate to the problematic translation and measurement of specifications, the ineffectiveness of incentives, the avoidance of contractors taking full responsibility, and contract management issues. Clients should recognize the actual balance of power in the relationship with their (main) contractors, and take appropriate measures.


Author(s):  
Erica Ceka

As Moldova works toward building democracy and sustainable development, it is focusing its attention on increasing the effectiveness of public capital investment management. The chapter summarizes the current legal framework and practices in the field of capital management and budgeting in Moldova and compares the processes with a normative framework for effective capital investment management, focusing on capital planning, capital financial management, capital project execution and management, and public infrastructure maintenance. The analysis demonstrates that the public capital management and budgeting process in Moldova at the level of planning, allocation, and implementation of capital budgets falls short of its potential. The case reveals that despite a promising budgetary reform and comprehensive legal framework, the process of capital budgeting and management in Moldova remains ineffective due to institutional, economic, and political constraints.


2019 ◽  
Vol 20 (1) ◽  
Author(s):  
John Gibson ◽  
Felix Rioja

Abstract Public infrastructure is one of the foundations for the economic growth of a country. While there is a strong consensus regarding infrastructure’s effect on growth, less is known about the effect of infrastructure on welfare and the distribution of wealth. In this paper, we examine the quantitative effect of infrastructure investment on welfare and the degree of inequality present within a developing country. In so doing, we characterize the effects resulting from increased infrastructure investment by tracing out the entire transition path between steady states. Three results standout: (i) both average and individual welfare effects are sizable, regardless of how the additional investment is financed, (ii) when distortionary taxes are adjusted to finance additional investment, poorer agents benefit more when the interest income tax is used, while richer agents benefit more when either the consumption or labor income taxes are used, (iii) inequality, as measured by the wealth Gini, rises in the short-run, but the long-run effect depends on which financing method is chosen.


Author(s):  
Jiseul Kim

The author aims to provide a comprehensive understanding about the current capital management and budgeting practices (CMBP) in the Republic of Korea (hereafter Korea). The book chapter starts with description of the importance of public capital assets and several issues of the current infrastructure system. It then provides the background of Korea's public infrastructure, political regime, and government institutions. Based on the suggested normative framework, the author specifically describes the four major components of CMBP: capital planning, capital budgeting and financial management, centralized execution and project management, infrastructure maintenance. Following the analysis of the current CMBP practices, some of reform ideas are discussed in the conclusion.


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