Underfunded, inefficient road maintenance is a perennial problem in many developing economies. To address it, some countries have created ‘second generation’ road funds that are financed by fuel levies and managed by boards and representing the interest of road users. Macro-economists often oppose such funds, arguing that this earmarking of revenue reduces fiscal flexibility. Some argue that such road funds should be seen as an interim step toward...
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DETAILS
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2003/03/01
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Journal Article
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76444
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1
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1
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2013/04/08
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Disclosed
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How effective are second generation road funds? A preliminary appraisal
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Road Funds
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Citation
Gwilliam,Kenneth M.; Kumar, Ajay.
How effective are second generation road funds? A preliminary appraisal (English). Washington D.C. : The Worldbank. http://documents.worldbank.org/curated/en/716301468336025814