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

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 pers...

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Bibliographic Details
Main Authors:	Laursen, Thomas, Myers, Bernard
Language:	English
Published:	World Bank 2012
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

Description
Summary:	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.

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

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