2015•Rivista Internazionale di Economia dei TrasportiRequires access
Regional assessment of the effectiveness of road infrastructure projects
Milan Viturka, Vilém Pařil
Open publisher page 6 citations
Abstract
The evaluation of investment projects is definitely one of the
most important methods for resolving the complex problems of
optimal allocation of public resources. In this context, the
paper presents an innovative approach to the assessment of the
effectiveness of road construction and improvement projects,
based on a set of strategically oriented criteria: relevance,
usefulness, integration, stimulation and sustainability. The
quality of the developed assessment method was verified through
the example of planned highway construction projects (eight
projects) and of regional road improvement projects (eleven
projects) in the Czech Republic. On the basis of the synthesis
of the obtained results, we have drawn up rankings showing the
effectiveness of individual projects. It can be stated that the
first group of projects focus on crucial impacts on regional
development and the second group of projects deal with their
impacts on residential and natural environments. The
application of the assessment method can thus be considered a
useful means for decision-making on investment priorities for
the development of road infrastructure.