Scipediacontent: Scipediacontent moved page Draft Content 223883080 to Marcelo et al 2018b

2020-10-14T14:28:58Z

Scipediacontent moved page Draft Content 223883080 to Marcelo et al 2018b

Scipediacontent: Created page with " == Abstract == Governments worldwide face the difficult challenge of deciding which infrastructure projects to prioritize and select for implementation, given the limits of..."

2020-10-14T14:28:56Z

Created page with " == Abstract == Governments worldwide face the difficult challenge of deciding which infrastructure projects to prioritize and select for implementation, given the limits of..."

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== Abstract ==

Governments worldwide face the difficult challenge of deciding which infrastructure projects to prioritize and select for implementation, given the limits of available funding and the need to attain their developmental goals. The key objective of this report is to conduct a comparative exercise between the World Bank's Infrastructure Prioritization Framework, a multicriteria analysisbased methodology to project prioritization, and a more complex cost-benefit analysisbased approach. The report focuses on Chile, which has a well-institutionalized evaluation process that uses cost-benefit analysis to assess projects on their quality and ability to generate value for money. The analysis compares the results of the Infrastructure Prioritization Framework alongside Chile's current cost-benefit analysisbased and multicriteria analysis approaches to the same subsets of projects in the road transport and water reservoir subsectors, respectively. The results show that the Infrastructure Prioritization Framework has application beyond its original proposition and can complement a traditional cost-benefit analysis by directly considering social and environmental policy goals that are otherwise difficult to quantify in a cost-benefit analysis. The analysis also finds that in Chile there is a discrepancy between the stated goals and objectives of the appraisal system and the actual implementation. In the case of transport sector projects, there is an evident deviation between cost-benefit analysisbased selection policy and actual decisions made for project implementation. In the case of water catchment selection, there is a bias toward projects with higher financial-economic performance as compared to social-environmental performance, despite policy intentions to afford consideration to environmental and social development goals.

Document type: Book

== Full document ==
<pdf>Media:Draft_Content_223883080-beopen1021-6448-document.pdf</pdf>

== Original document ==

The different versions of the original document can be found in:

* [http://dx.doi.org/10.1596/1813-9450-8602 http://dx.doi.org/10.1596/1813-9450-8602]

* [https://openknowledge.worldbank.org/bitstream/10986/30511/1/WPS8602.pdf https://openknowledge.worldbank.org/bitstream/10986/30511/1/WPS8602.pdf] under the license cc-by

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Marcelo et al 2018b - Revision history

Scipediacontent: Scipediacontent moved page Draft Content 223883080 to Marcelo et al 2018b

Scipediacontent: Created page with " == Abstract == Governments worldwide face the difficult challenge of deciding which infrastructure projects to prioritize and select for implementation, given the limits of..."