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A Diagnostic Study into Road Financing Paradoxes which have led to Inefficient Road Asset Management in Zambia

Yohane Tembo

Published by GRIN Verlag Gmbh Dez 2014, 2014
ISBN 10: 3656856737 / ISBN 13: 9783656856733
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Title: A Diagnostic Study into Road Financing ...

Publisher: GRIN Verlag Gmbh Dez 2014

Publication Date: 2014

Binding: Taschenbuch

Book Condition: Neu

Description:

Neuware - Doctoral Thesis / Dissertation from the year 2014 in the subject Transportation Science & Technology, Atlantic International University, course: Transportation Economics, language: English, abstract: Investments in transport infrastructure have massive economic benefits, leading to a vibrant and efficient transport system. In Zambia, where a disproportionate distribution of freight between road and rail exists, with road transport carrying over 85% of freight, the significance of road investments cannot be emphasized. To remain competitive, the country must prioritize sustainable road maintenance on her road network, and ensure that a decent balance is maintained between investments in maintenance and those aimed at new construction. Insufficient budgetary allocation to road maintenance normally results in road deterioration that significantly reduces the utility of the existing roads. This makes it expensive and more difficult to move products and services from producers to consumers or inputs to designated industrial centers. Construction of new roads is deterred due to lack of funds, which entails that many areas which have the potential to trigger economic growth would remain unnecessarily inaccessible for far too long. The alternative is to seek political interference in the budgeting process in order to skew the fiscus towards road construction and development, rather than routine and periodic road maintenance which, purposefully, extend the service life cycle of existing road infrastructure through effective and efficient road asset management. Naturally, maintenance is rarely seen as important and it hardly attracts appropriate funding from the fiscus. For many years, it has been observed that Zambia s road asset has been wasting away at an accelerated rate due to the preference of reactive, rather than preventive, road maintenance strategies. New road construction is believed to have also contributed to the neglect of maintenance. This study, therefore, aims to analyze Zambia s incongruent road financing strategies which have led to inefficient road asset management. Endogenous deficiencies which tend to exhibit themselves in a road network that is grossly in a state of disrepair are exposed and discussed in the context of optimized and sustainable road network and budgetary allocations as a cure going forward. However, the final decision about which policies and strategies should be adopted to address the vexing problem, has been left entirely in the hands of political office holders, in whom the people of Zambia have had to vest their power to legislate and manage the affairs of the country. 124 pp. Englisch. Bookseller Inventory # 9783656856733

About this title:

Synopsis: Doctoral Thesis / Dissertation from the year 2014 in the subject Transportation Science & Technology, Atlantic International University, course: Transportation Economics, language: English, abstract: Investments in transport infrastructure have massive economic benefits, leading to a vibrant and efficient transport system. In Zambia, where a disproportionate distribution of freight between road and rail exists, with road transport carrying over 85% of freight, the significance of road investments cannot be emphasized. To remain competitive, the country must prioritize sustainable road maintenance on her road network, and ensure that a decent balance is maintained between investments in maintenance and those aimed at new construction. Insufficient budgetary allocation to road maintenance normally results in road deterioration that significantly reduces the utility of the existing roads. This makes it expensive and more difficult to move products and services from producers to consumers or inputs to designated industrial centers. Construction of new roads is deterred due to lack of funds, which entails that many areas which have the potential to trigger economic growth would remain unnecessarily inaccessible for far too long. The alternative is to seek political interference in the budgeting process in order to skew the fiscus towards road construction and development, rather than routine and periodic road maintenance which, purposefully, extend the service life cycle of existing road infrastructure through effective and efficient road asset management. Naturally, maintenance is rarely seen as important and it hardly attracts appropriate funding from the fiscus. For many years, it has been observed that Zambia's road asset has been wasting away at an accelerated rate due to the preference of reactive, rather than preventive, road maintenance strategies. New road construction is believed to have also contributed to the neglect of maintenance. This study, therefore, a

About the Author: Engineer Doctor Yohane Tembo is a professional Civil Engineer who specializes in the design, management and monitoring of roads projects in Zambia. Currently, he is working for the National Road Fund Agency as Roads Engineer in the Monitoring and Evaluation Department. He has previously held the position of Principal Engineer - Design & Traffic in the Road Development Agency, as well as Quality Assurance Manager in Phoenix Contractors Denmark A/S. Further, he has also held various positions of Design Engineer and Resident Engineer in different consulting firms on a number of large road construction projects. Doctor Tembo received his Bachelor of Engineering in Civil and Environmental Engineering (with merit) from the University of Zambia in Lusaka (2000) and his Masters in Civil Engineering (specializing in Transportation Engineering) from the University of Stellenbosch in Cape Town (2010). He is professionally registered as a Full Member with both the Engineering Institution of Zambia and the Engineers' Registration Board. He is a firm believer in education as a life-long process, and an ardent reader of many scholarly works, which lead him to read and complete his Doctor of Philosophy in Transportation Economics at Atlantic International University (2014).

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