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Lesson
It is important to obtain accurate information during the design and appraisal stage to help facilitate growth forecasts of traffic volumes. Such information provides a solid groundwork to assess a transport project’s economic viability and efficiency and helps underpin its rationale, scope, and implementation timeframe. Greater consideration on the survey or collection of traffic data is crucial in enhancing the quality of project-level economic analysis

Project Number: 41629-013, 44425-013
Project Name: Bihar State Highways II Project
Report Date:
Lesson
Better estimation of generated traffic based on "with project” and “without project” traffic forecasts help avoid overestimation of vehicle operating cost savings and, hence, overestimation of economic internal rate of returns.

Project Number: 41629-013, 44425-013
Project Name: Bihar State Highways II Project
Report Date:
Lesson
Thorough consideration of the local construction market and existing prices will contribute to more reliable project cost estimates.

Project Number: 43439-013, 43439-023, 43439-033
Project Name: Central Asia Regional Economic Cooperation Corridor 2 (Mangystau Oblast Sections) Investment Program (Multitranche Financing Facility and Tranche 2)
Report Date:
Lesson
For complex large projects with complicated geological conditions and a long implementation period, project costs—especially contingencies—should be estimated more carefully

Project Number: 35354-013
Project Name: Lanzhou-Chongqing Railway Development Project
Report Date: