The _first generation of Road Funds were set up during the 1960's and 1970's in Africa, Asia, andLatin America. They were characterized by weak legal basis, relied on earmarked revenues, typicallymanaged by national road agency, and have no oversight board The second generation road agency wasborn in early 1990 is with the introduction of new thought of commercial management of road They weredistinct from the _first generation by having revenues generated from charges related to road use,managed through a separate administration, supported by sound legislation, and by having a public-private oversight board made up of nominees of organizations with a strong vested interest in well-managed roam. This paper o't1s'cusses the history of Road Funds, examines their advantage anddisadvantages, and studies their impacts on the road management. |