A Methodological Framework for Prioritizing Infrastructure Investment

Andres, Luis ; Biller, Dan ; Herrera Dappe, Matias

World Bank, Washington, DC

关键词: SANITATION;    GROWTH RATES;    INFRASTRUCTURE INVESTMENTS;    TRANSPORTATION SYSTEM;    INFRASTRUCTURE PROVISION;   

DOI  :  10.1596/1813-9450-7433
RP-ID  :  WPS7433

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

Policy makers are often confronted witha myriad of factors in the investment decision-makingprocess. This issue is particularly acute in infrastructureinvestment decisions, as these often involve significantfinancial resources and lock-in technologies. In regions andcountries where the infrastructure access gap is large andpubic budgets severely constrained, the importance ofconsidering the different facets of the decision-makingprocess becomes even more relevant. This paper discusses thetrade-offs policy makers confront when attempting toprioritize infrastructure investments, in particular withregard to economic growth and welfare, and proposes amethodological framework for prioritizing infrastructureprojects and portfolios that holistically equates suchtrade-offs, among others. The analysis suggests that it isnot desirable to have a single methodology, providing asingle ranking of infrastructure investments, because of thecomplexities of infrastructure investments. Rather, amultidisciplinary approach should be taken. Decision makerswill also need to account for factors that are often noteasily measured. While having techniques that enable logicalframeworks in the decision-making process of establishingpriorities is highly desirable, they are no substitute forconsensus building and political negotiations.