CHALLENGES AND PROSPECTS FROM THE CURRENT SITUATION OF EVALUATION METHODS OF LOCAL ROADS

Abstract

 Due to the aging of infrastructure, the population decline, and the severe financial situation, the choice and concentration are advocated from the viewpoint of efficiency of public investment. In the choice and concentration, cost-benefit evaluation by the three benefits has become established. However, many local communities appeal to the Government about the benefit from regional characteristics and needs. We analyze how the Government evaluate benefits and decide policies in fact. We raise the issue of the choice and concentration, the direction of study about evaluation and the importance of considering not only efficiency but also the essential value of roads.