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PIARC (World Road Association), founded in 1909 and comprising 125 member governments from all over the world, is the global forum for exchange of knowledge and experience on roads, road transport policies and practices. With consultative status to the Economic and Social Council of the United Nations, the Association is contributing to a stable and sustainable global development of the road and transport sector.

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Preliminary feasibility study for road projects incorporating balanced regional development

This article presents the preliminary feasibility study (PFS), introduced in 1999 in Korea. PFS has induced informed decision in the budget allocation, enhancing efficiency of fiscal management by checking starts of unnecessary projects at their early stages. Due to its successful implementation, the PFS has been expanded to appraisals for local government projects and non-infrastructure programs, such as R & D and social programs, leading to improved public inquiry process.

  • Information sheet

    • Date: 2012
    • Author(s): CHO Namgeon / PARK Hyeon
    • Domain(s): Economic Studies / Planning / Project Management
    • Type: Routes/Roads Magazine 356 - Features -
    • PIARC Ref.: RR356-056
    • Number of pages: 8
  • This article has been published in the Routes/Roads magazine