06.08.2013 Views

A Review of Highway Agencies in the South Asia Region

A Review of Highway Agencies in the South Asia Region

A Review of Highway Agencies in the South Asia Region

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

A <strong>Review</strong> <strong>of</strong> <strong>Highway</strong> <strong>Agencies</strong> <strong>in</strong> <strong>the</strong> <strong>South</strong> <strong>Asia</strong> <strong>Region</strong><br />

1 Introduction<br />

1.1 Background<br />

High economic growth experienced by <strong>the</strong> <strong>South</strong> <strong>Asia</strong> region (Figure 1.1) is driv<strong>in</strong>g <strong>the</strong><br />

grow<strong>in</strong>g demand for passenger and freight transport <strong>in</strong> <strong>the</strong> region. Figure 1.2 shows <strong>the</strong><br />

projected car ownership between 2002 and 2030. India shows <strong>the</strong> highest growth <strong>in</strong> car<br />

ownership (547 percent), <strong>in</strong> l<strong>in</strong>e with <strong>the</strong> country with <strong>the</strong> highest economic growth <strong>in</strong><br />

<strong>the</strong> <strong>South</strong> <strong>Asia</strong> region. On <strong>the</strong> o<strong>the</strong>r hand, though Pakistan is projected to have <strong>the</strong> lowest<br />

growth <strong>in</strong> <strong>the</strong> region, car ownership is still expected to <strong>in</strong>crease by 142 percent. Thus, it<br />

is evident that ever larger freight flows and ris<strong>in</strong>g motorization rates will pose a challenge<br />

across <strong>the</strong> region.<br />

Figure 1.1: Expected GDP growth 2007-12 as Compounded Annual Growth Rate (CAGR) (%)<br />

across <strong>South</strong> <strong>Asia</strong><br />

India<br />

Bangladesh<br />

Sri Lanka<br />

Nepal<br />

Pakistan<br />

CAGR <strong>of</strong> GDP growth 2007-12 (%)<br />

14<br />

2.9<br />

3.8<br />

Source: Joyce Dargay, Dermot Gately and Mart<strong>in</strong> Sommer (2007).<br />

5.4<br />

6.0<br />

8.6

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!