The importance of infrastructure has been realized because it enhances economic as well as social activities. The presence of infrastructure alone however doesn’t insure the development, but its absence certainly hampers economic growth and social activities. This statement can be justified with a small example; for instance, if a country doesn’t have sufficient transport infrastructure, how would it transport finished and raw materials from one region to the other? Trade cannot take place without developed transport infrastructure. How would the people get access to hospitals, schools, and colleges without proper transportation systems because hospitals, schools, and colleges, etc., are not found in every society? With this argument, it can be argued that infrastructure is a catalyst which helps boost the economic as well as social activities.
KeywordsMaterial Requirement Contract Part Road Maintenance Road Project Risk Allocation
- 1.Stankevich N, Qureshi N, Queiroz C. Performance-based contracting for preservation and improvement of road assets, September 2005 (updated August 2009). Washington, DC: The World Bank; 2005.Google Scholar