Detail publikace

Economic Effectiveness of Large-scale Infrastructure Projects within the Reference Period Length Context

KORYTÁROVÁ, J. PELČÁK, S. ROUZEK, J.

Originální název

Economic Effectiveness of Large-scale Infrastructure Projects within the Reference Period Length Context

Typ

článek ve sborníku mimo WoS a Scopus

Jazyk

angličtina

Originální abstrakt

Positive evaluation of economic effectiveness of large-scale transport infrastructure projects represents one of the essential criteria for the provision of funds for their construction, reconstruction or modernization. The economic evaluation is based on monitoring the differential financial and economic cash flows between the zero and the design variant of the project investment plan within a defined reference period of 30 years. CFs consist of investment costs, operating income, operating expenses, societal benefits and harm, as well as the residual value of the investment. This occurs in non-zero values during the last year of the project reference period, unless the economic service life of the infrastructure being constructed, is exhausted. On a sample of 9 investment plans of projects submitted to the State Fund for Transport Infrastructure of the Czech Republic for financing in the 2017 – 2019 period, the authors of the article have monitored to what extent the project effectiveness has been affected by the residual value and how long period has been in fact evaluated in the project. The evaluated sample data suggests that the discounted residual value share on the total discounted societal project benefits represents 15% – 40%, which is naturally subsequently reflected in the ENPV. The authors of the article conclude that project evaluation, which actually extends to the average economic service life of the infrastructure being built due to including the residual cost, appears to be justified since these projects, while properly repaired and maintained, show their planned utility until the end of their service life.

Klíčová slova

large-scale transport investment project; residual value; reference period; CBA; economic effectiveness

Autoři

KORYTÁROVÁ, J.; PELČÁK, S.; ROUZEK, J.

Vydáno

4. 9. 2019

Nakladatel

University of Zagreb

Místo

Zagreb, Chorvatsko

ISBN

978-953-7686-07-9

Kniha

OTMC Confernce 2019

Strany od

882

Strany do

887

Strany počet

6

BibTex

@inproceedings{BUT158683,
  author="Jana {Korytárová} and Svatopluk {Pelčák} and Jiří {Rouzek}",
  title="Economic Effectiveness of Large-scale Infrastructure Projects within the Reference Period Length Context
",
  booktitle="OTMC Confernce 2019",
  year="2019",
  pages="882--887",
  publisher="University of Zagreb",
  address="Zagreb, Chorvatsko",
  isbn="978-953-7686-07-9"
}