In this supplement to Public Works Financing, the authors focus on Eastern Europe's ability to build, operate, and maintain an effective road system. A case study about Hungary's M1-M15 toll road is provided, which reports on the procurement process, financing package, traffic forecasts, and construction risk. An update regarding Hungarian toll concessions is provided as well. The feature article presents information about upgrading international aid to Central and Eastern European countries. Historically, international financial assistance has been available to these countries; however, a lack of maintenance after construction, restrictions on ownership and operation of motor vehicles, and a failure to view road transport as part of a larger transportation network are cited as confounding to the Eastern European transportation system. Examples of four failed financial aid strategies for road expansion in the United States, Japan, India, and Pakistan are included. In each case, the failure has provided insight into better planning and management for improved road projects. The author suggests that public-private partnerships are essential to upgrade international aid for roads in Central and Eastern Europe.

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  • Corporate Authors:

    Public Works Financing

    147 Elmer Street
    Westfield, NJ  United States  07090-2433
  • Authors:
    • Reina, P
    • Ravasz, K
    • Owen, W
  • Publication Date: 1994-4


  • English

Media Info

  • Pagination: p. 1-16
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 00663062
  • Record Type: Publication
  • Files: TRIS
  • Created Date: Jul 1 1994 12:00AM