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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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  4. Term of the Dictionary | equity

Term of the Road Dictionary

equity

  • Language : PIARC Road Dictionary / English
  • Theme : Operations Transport Sustainable Transport
  • Definition : Concept referring to a policy concerning the significance of the distribution of costs and benefits which are the consequence of an economic action. Note: measures of the cost-benefit or financial returns to a project ignore any consequences of policy changes in the distribution of costs and benefits as a result of the project.

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