Cost Benefit Analysis of a Regional Arterial PPP Toll Road Project A Case Study of the Proposed R-1 Toll Road

Road infrastructure is of vital importance. Roads facilitate the movement of people, goods, services and resources within an economy. Traditionally, public infrastructure such as roads has been provided using national budgetary resources. Over time participation of the private sector in the procurement and provision of road infrastructure has increased. Public authorities have been partnering with the private sector due to the limitation of capital to undertake required road projects. Public-Private Partnerships (PPPs) of various forms have been used extensively in road transportation projects as an alternative to state and local government procurement and provision of road infrastructure. The primary objective of this thesis is to undertake a holistic assessment of a proposed PPP toll road project in the Southern African country of Zimbabwe; using Cost-Benefit Analysis (CBA).