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This paper explores the challenges and solutions for financing road maintenance in emerging markets. It highlights the inefficiencies in current budgetary processes, the evolution from first to second-generation road funds, and the necessity of diversifying funding sources. The study underscores the need for sustainable financing mechanisms, such as electronic tolling and user charges, to address the chronic maintenance deficit.

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Sovereign Road Funds: Leveraging Financing for Sustainable Infrastructure in Emerging Markets

  • 会议论文

  • 发表日期：

    2025年

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  • Juan Martinez,
  • Simon Fernandez-Vazquez,
  • Rafael Rosillo,
  • David de la Fuente

摘要

This paper explores the challenges and solutions for financing road maintenance in emerging markets. It highlights the inefficiencies in current budgetary processes, the evolution from first to second-generation road funds, and the necessity of diversifying funding sources. The study underscores the need for sustainable financing mechanisms, such as electronic tolling and user charges, to address the chronic maintenance deficit.