Public Investment Management in the New EU Member States : Strengthening Planning and Implementation of Transport Infrastructure Investments

The primary purposes of this study were two-fold: i) to identify some of the key issues and challenges being faced by New Member States (NMS) in the management of their public investment programs; and ii) to identify good practice examples and persistent challenges faced by European Union (EU) member states that have had a longer history of development under democratic institutions of public management. By necessity this study is limited in the number of country cases and the depth at which various issues are addressed. Four NMS were selected - Poland, Slovenia, Latvia, and Slovakia based on agreed willingness to participate. The three 'old member states' were the UK, Ireland, and Spain (selected based on Bank interest and availability of expert consultants). In all of the countries, the focus was on central government policies and practices even though some execute projects through regional governments as well. The scope of the study was limited strictly to transport infrastructure (roads, bridges, and railways), because this tends to be the largest beneficiary of EU funding for investment. Finally, while the study touches on all phases of the project cycle, the strongest emphasis is given to project planning, appraisal and selection.

Bibliographic Details

Main Authors:	Laursen, Thomas, Myers, Bernard
Format:	Publication biblioteca
Language:	English
Published:	World Bank 2012-03-19T10:02:48Z
Subjects:	ACCESS TO INFORMATION, ACCESSIBILITY, ACCOUNTABILITY, ACCOUNTING, ACCOUNTING SYSTEMS, ACTUAL COST, ADMINISTRATIVE COSTS, ADMINISTRATIVE SUPPORT, ADVISORY GROUP, AGGREGATE FISCAL DISCIPLINE, AIRPORT, AIRPORT INFRASTRUCTURE, AIRPORTS, AMOUNT OF RISK, ARBITRATION, AUDITS, BENEFICIARY, BEST PRACTICE, BRIDGE, BUDGET IMPLICATIONS, BUDGET PLANNING, BUDGET PROCESS, BUDGETARY PROCESSES, BUDGETING, CALCULATIONS, CAPACITY BUILDING, CAPITAL ALLOCATIONS, CAPITAL EXPENDITURE, CAPITAL INVESTMENT, CAPITAL PROJECTS, CHECKS, CIVIL SERVICE, COMPETITIVE TENDER, COMPETITIVE TENDERS, CONSULTING FIRM, CONSULTING FIRMS, CONTINGENCY, COST ESTIMATES, COST INCREASES, COST OF CAPITAL, COST-BENEFIT ANALYSIS, CREDIBILITY, DEBT, DEBT FINANCING, DEVELOPMENT FINANCE, DISCOUNT RATE, DISCOUNT RATES, DISTRIBUTION OF COSTS, ECONOMIC ANALYSIS, ECONOMIC DEVELOPMENT, ECONOMIC GROWTH, ECONOMIC MANAGEMENT, ECONOMIC STABILITY, EMPLOYMENT, ENVIRONMENTAL BENEFITS, ENVIRONMENTAL IMPACTS, EXCHANGE RATE, EXPRESSWAYS, EXTERNAL AUDITORS, FINANCE INFRASTRUCTURE, FINANCIAL MANAGEMENT, FINANCIAL PERFORMANCE, FINANCIAL REGULATIONS, FINANCIAL STRUCTURE, FISCAL DISCIPLINE, FISCAL POLICY, GOOD TRANSPORT, GOVERNMENT FUNDING, GOVERNMENT POLICIES, GOVERNMENT POLICY, HEAVY RAIL, HIGH SPEED RAIL, HIGHWAYS, INFLATION, INFLATION RATE, INFRASTRUCTURE DEVELOPMENT, INFRASTRUCTURE INVESTMENT, INFRASTRUCTURE INVESTMENTS, INFRASTRUCTURE PROJECTS, INFRASTRUCTURE UPGRADING, INTERNAL AUDIT, INTERNAL CONTROLS, INTERNATIONAL BANK, INVESTMENT DECISION, INVESTMENT DECISIONS, INVESTMENT MANAGEMENT, INVESTMENT PROCESS, INVESTMENT PROGRAM, INVESTMENT PROGRAMS, INVESTMENT PROJECTS, INVESTMENT SPENDING, INVESTMENT STRATEGIES, LICENSES, LIGHT RAIL, LIGHT RAIL SCHEMES, LONG-TERM INVESTMENT, LUMP SUM, LUMP SUM CONTRACTS, MATURITY, MINISTRIES OF FINANCE, MINISTRY OF TRANSPORT, MINISTRY OF TRANSPORTATION, MOTORWAYS, NATIONAL INVESTMENT, NATIONAL ROADS AUTHORITY, NATURAL RESOURCES, PENALTIES, PORTFOLIO, PRICE CHANGES, PRIVATE CAPITAL, PRIVATE FINANCE, PRIVATE FINANCING, PRIVATE SECTOR, PRIVATIZATION, PUBLIC, PUBLIC CONSULTATION, PUBLIC EXPENDITURE, PUBLIC EXPENDITURES, PUBLIC FINANCE, PUBLIC FINANCE MANAGEMENT, PUBLIC INFRASTRUCTURE, PUBLIC INVESTMENT, PUBLIC INVESTMENT IN INFRASTRUCTURE, PUBLIC INVESTMENT PROGRAMS, PUBLIC INVESTMENTS, PUBLIC PROCUREMENT, PUBLIC SECTOR, PUBLIC SECTOR MANAGEMENT, PUBLIC SECTOR PROJECTS, PUBLIC SERVICE, PUBLIC TRANSPORT, PUBLIC WORKS, QUESTIONNAIRE, RAIL, RAIL INFRASTRUCTURE, RAIL LINK, RAIL PROJECT, RAIL PROJECTS, RAIL TRANSPORT, RAILWAY, RAILWAY INVESTMENT, RAILWAYS, RESPONSIBILITIES, RETURNS, RISK ASSESSMENT, RISK MANAGEMENT, RISK MANAGEMENT STRATEGIES, RISK MANAGEMENT SYSTEMS, RISK SHARING, ROAD, ROAD CAPACITY, ROAD WIDENING, ROADS, ROUTE, ROUTES, SAFETY, SAVINGS, SENIOR, STREET LIGHTING, SUBSIDIARY, TERMINATION, TOLLS, TRAFFIC, TRAFFIC DENSITY, TRAFFIC FLOW, TRAFFIC VOLUME, TRANSITION COUNTRIES, TRANSPARENCY, TRANSPORT, TRANSPORT AUTHORITY, TRANSPORT INFRASTRUCTURE, TRANSPORT INVESTMENT, TRANSPORT PLANNING, TRANSPORT PLANNING PROCESSES, TRANSPORT POLICY, TRANSPORT PROJECTS, TRANSPORT SECTOR, TRANSPORT STRATEGIES, TRANSPORT STRATEGY, TRANSPORT SYSTEM, TRANSPORT WHITE PAPER, TREASURY, TRUE, TUNNEL, TUNNELS, TYPES OF INVESTMENT, TYPES OF INVESTMENTS, UNDERGROUND, UTILITIES, VALUATIONS, VOLUME OF INVESTMENT,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000334955_20090227105209 http://hdl.handle.net/10986/2601 http://hdl.handle.net/10986/5921
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