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IBRD 새마을 차관(Evaluation study on the farm road and bridge development project under the IBRD loan) : 농로 및 교량사업 평가연구

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  • IBRD 새마을 차관(Evaluation study on the farm road and bridge development project under the IBRD loan)
  • 김성훈; 김치영
  • 한국농촌경제연구원


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Title IBRD 새마을 차관(Evaluation study on the farm road and bridge development project under the IBRD loan)
Similar Titles
Sub Title

농로 및 교량사업 평가연구

Material Type Reports
Author(Korean)

김성훈; 김치영

Publisher

[서울]:한국농촌경제연구원

Date 1978-12
Series Title; No 사업별결과보고서
Pages 93
Subject Country South Korea(Asia and Pacific)
Language Korean
File Type Link
Subject Economy < Financial Policy
Industry and Technology < Agriculture
Territorial Development < National Land Development
Holding 한국농촌경제연구원

Abstract

This research seeks to identify the transportation and freight conditions of rural areas in relation to farm roads and bridge facilities, as well as the socioeconomic effects of modernization. By identifying the effects of modernization from the development of farm roads and bridges on the income increase of rural households, the study seeks to devise a business model for the development of farm roads and bridges, and the applicable policy frameworks.
The expansion of farm roads and bridges in the rural area not only shortens the movement time from and to the area, but also brings a variety of influences such as increased employment opportunities, benefits for cultural services, and a reduction in the economic gap among regions. With the construction of farm roads and bridges, the effect of saving traffic time per 1km of farm road is worth an average of 2,260 Korean won. Furthermore, practical benefits have come as well for farms, including an improvement in farming facilities. The amount of socio-cultural services with the development of farm roads is said to have increased by about 300%. In addition, the internal rate of return (IRR) reached a level of 18.9% - 21.8% while the ARR reached a level of 19.2% - 22.5%. The social rate of return (SRR) in relation to usage is predicted to reach about 30%.
A BCR ratio of the direct results is 1:4 at a discount rate below 15%. The NPW for every kilometer of farm road at a discount rate below 15% exceeds more than 50% of the initial cost of construction. Meanwhile, the IRR of the direct results was 28.1%, and the BCR ratio at a discount rate below 15% was 1:5. The ARR, an outcome of bridge development, was at 30.3%, which has been identified through this research.
On the other hand, some of the problems identified in rural areas are concerned with unfair loads of burden, air pollution due to the short-term construction, and worn-out buses still operating after the development of bridges. Furthermore, most regions except by the IBRD-funded program face difficulties in moving on to the next level of development as they lack construction funds. In some cases, the problematic farm roads are even entirely left to the people. To properly address these issues, the areas facing the problems must first be exactly identified. In the case of buses, small buses can be utilized for public usage, while the remaining costs regarding development must be addressed with the IBRD loan so these projects can be completed without delay.
Moreover, the plan of incorporating land should be handled in a fair and progressive manner, while farmlands with high availability should be dealt with in a more practical manner.