Abstract
The notion of sustainability has lead to the evaluation of public projects in terms of wider socio-economic and environmental benefits. The Cost Benefit Analysis and its respective, Social Discount Rate (SDR), is of crucial importance, especially when the advantages of private financing are to be demonstrated in comparison with the alternative traditional procurement of works and services. The SDR seen as a measure of a country’s value of future costs and benefits is related to the notion of promoted sustainability. The impact of smaller and declining SDRs on project selection is investigated, and a conceptual formulation concerning the selection of the project procurement method is presented. The modelled formulation will assist central and local governments in assessing projects and the potential benefit of private financing.
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Roumboutsos, A.B. Sustainability, Social Discount Rates and the Selection of Project Procurement Method. Int Adv Econ Res 16, 165–174 (2010). https://doi.org/10.1007/s11294-009-9250-7
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DOI: https://doi.org/10.1007/s11294-009-9250-7