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Title: FINANCING, PRIVATE-SECTOR INVOLVEMENT, AND MARKET PROCESSES IN THE PROVISION OF NATIONAL ROADS IN SOUTH AFRICA
Accession Number: 00474883
Record Type: Component
Availability: Find a library where document is available Abstract: In this paper is described the changing basis of the provision of rural roads in South Africa that led to the introduction of toll roads and, in the process, to an increasing degree of privatization in the provision of roads. The background financial and administrative arrangements for the provision of rural roads is discussed and national policy that influences the financing of roads is described. With the increasing shortage of funds for roads during the past decade, the need for better economic justification of specific road projects and the search for new sources of funds combined with the policy of user charging and of supporting the free market system has had a significant effect on the development of the rural road system. Before 1980 the private sector was involved in road provision to a varying extent through contracting, construction work, and consulting services. Following a deciion in 1982 to implement toll roads on a limited basis on the national road system, private-sector involvement expanded to include financing and management of revenue collection activities. Greater attention was paid to the economic and financial justification of road projects. After the policy of toll financing of roads was established, the Department of Transport was approached by private-sector companies requesting the grant of concessions to finance, design, construct, maintain, and operate certain national roads and to collect tolls to defray the costs. These proposals, which would constitute further privatization in the road sector in South Africa, are currently under consideration.
Supplemental Notes: Publication of this paper sponsored by Committee on Application of Economic Analysis to Transportation Problems. Distribution, posting, or copying of this PDF is strictly prohibited without written permission of the Transportation Research Board of the National Academy of Sciences. Unless otherwise indicated, all materials in this PDF are copyrighted by the National Academy of Sciences. Copyright © National Academy of Sciences. All rights reserved.
Monograph Accession #: 01418063
Authors: Mitchell, M FBotha, J LPagination: pp 30-38
Publication Date: 1987
Serial: ISBN: 0309044553
Media Type: Print
Features: Figures
(3)
; References
(1)
TRT Terms: Candidate Terms: Geographic Terms: Subject Areas: Economics; Finance; Highways; Policy; Society; I10: Economics and Administration
Files: TRIS, TRB
Created Date: Oct 31 1987 12:00AM
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