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- Title
Value for Money Model for Road Maintenance for the Roads Fund Board in Tanzania.
- Authors
Hatibu Haji, Semboja Haji
- Abstract
Permanent road connectivity is a key enabler of economic growth and transition in Tanzania. By providing and maintaining sustainable physical networks and services upon which living society depends for the movement of people and goods, and by connecting areas of economic activities within the economies increase access of businesses and consumers to markets and services, promote economic diversification, regional integration and supporting optimal growth of the wider economies. The Tanzania Roads Fund Board (RFB) was established by the Road and Fuel Tolls Act Cap 220 in Tanzania to manage the roads' fund that is dedicated to roads maintenance. Pursuant to law, the functions of the board, among others, is to apply the money deposited for the purposes approved by the parliament; to disburse funds from the fund to TANROADS, local authorities and other agencies; to ensure that the operations of TANROADS, local authorities, other road agencies and the fund are technically and financially sound and to monitor the use of the funds disbursed to TANROADS, local government authorities or other agencies for the purposes and objectives of the fund in Tanzania. The RFB uses an eclectic non-parametric Value for Money, (VfM) model to provide indepth quantitative analysis of roads maintenance projects performance financed by government so as they will be in a position of making some improvements through lesson learnt from the previous projects. Value for Money (VfM) model is a living monitoring and evaluation performance framework whereby the important social economic interdependent variables are used to assess the value for money of public spending; i.e., the optimal use of resources to achieve the intended development outcomes. This case study attempts to formalize the Value for Money model for the Road Fund Board in Tanzania. The case study provides background, objectives, assumptions / conditions, key variables and basic structural VfM model determination. Also, the case study presents Value for Money Assessment Tool; its application and indicative quantitative data analysis.
- Subjects
TANZANIA; ROAD maintenance; PUBLIC spending; PUBLIC finance; TANZANIAN economy; ECONOMIC development; INTERNATIONAL economic integration; TOLLS; LAW
- Publication
Tanzania Economic Review, 2018, Vol 8, Issue 1/2, p148
- ISSN
0856-3373
- Publication type
Article