Improving Transport Project Appraisals
In the Islamic Countries
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Implementing the PPP Act, which lists the studies and assessments that PPP projects need in
order to be approved by the MRUD, mentions a template for presenting these studies that is
based on indications by the MRUD itself.
In terms of tools used for carrying out financial and economic analyses for project appraisal, a
standard software is adopted by several different organisations: the COMFAR software
(Computer model for feasibility analysis and reporting), which is a well-known international
reference developed by UNIDO74 (used for instance by PMO and CDTIC, in the “COMFAR for
experts” version75).
Figure 5.6: Example. Results of the financial model
Source: PMO presentation
5.5 Content
Methodology
While project appraisal is required by law, no mandatory requirements are in place specifying
which type of analysis is required in the framework of transport project appraisal, except for
environmental effects (see below). Nevertheless, in practice, one type of analysis is largely
predominant for infrastructure investments. As a matter of fact, performing a CBA is widely
regarded as a good practice across transport modes .
74 United Nations Industrial Development Organization.
75 PMO specifically reported the use of COMFAR version 3.3. In general, no adaptation of the software to the transport sector
has been reported.