Policy Challenges in the Implementation of Performance-based Contracting for Road Maintenance
The topic of this policy paper – how to develop contractual methods to secure the full usable-life of roads – is of critical economic and fiscal importance to all countries, but especially so for countries with limited public budgets for road rehabilitation and maintenance. In most developing and merging market economies (EMDEs), which include the EBRD’s client countries, roads require rehabilitation, or indeed even reconstruction, many years before the date one would have expected according to their original year of construction.