Construction and operation of the vehicles inspection program

Vehicle Inspection

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Construction and operation of the vehicles inspection program
Construction and operation of the vehicles inspection program
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Infrastructure
Land Transportation
Business Model Description

Implement the National Vehicle Inspection Program through a public-private partnership for the construction and operation of inspection centers and mobile units that allow the registration of the conditions of vehicles nationwide.

Expected Impact

Technical vehicle inspections will increase road safety, reduce the risk of traffic fatalities, and improve air quality.

How is this information gathered?
Updated: 19 Dec, 2023 Date of Production: 7 Sep, 2023
Dominican Republic
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
20% - 25% (in IRR)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Medium Term (5–10 years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
5 millions motor vehicles in the Dominican Republic (11)
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
> USD 10 million
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
Good health and well-being (SDG 3) Climate Action (SDG 13)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Industry, Innovation and Infrastructure (SDG 9)

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Sector Sources
  • 1) WEF, 2019. The Global Competitiveness Report 2019: https://www.weforum.org/reports/how-to-end-a-decade-of-lost-productivity-growth/?DAG=3&gclid=CjwKCAjwrranBhAEEiwAzbhNtQLtqatLOGe5D2X8Wqg3FbaHiq1hAezZfeg-pUSfUsTRHIH3IANTshoCqNIQAvD_BwE 2) National Multiannual Public Sector Plan 2021–2024. https://mepyd.gob.do/publicaciones/plan-nacional-plurianual-del-sector-publico-2021-2024/ 3) MEPYD, 2023. Equity and territorial development gaps: Dominican Republic 2021. https://mepyd.gob.do/publicaciones/equidad-y-brechas-territoriales-de-desarrollo-rep-dom-2021 4 ) Law 1-12 National Development Strategy 2030. https://mepyd.gob.do/estrategia-nacional-de-desarrollo-2030/ 5) JOY 2010. Women in infrastructure works: promoting gender equality and rural development. https://www.ilo.org/wcmsp5/groups/public/---ed_emp/documents/publication/wcms_176254.pdf 6) UNDP, 2019. In DR persist the inequalities, according to the Human Development Report 2019. https://www.undp.org/es/dominican-republic/news/en-rd-persisten-las-desigualdades-seg%C3%BAn-informe-de-desarrollo-humano-2019 7) MEPYD & IDB, 2020. National Infrastructure Plan 2020-2030. https://mepyd.gob.do/publicaciones/Plan-nacional-de-infraestructura-2020-2030/
IOA Sources
  • 8) Keall, M. D., & Newstead, S., 2013. An evaluation of costs and benefits of a vehicle periodic inspection scheme with six-monthly inspections compared to annual inspections. Accident Analysis & Prevention, 58, 81-87. https://doi.org/10.1016/j.aap.2013.04.036 9) Novoa, A. M., Pérez, K., & Borrell, C.,2009. Efectividad de las intervenciones de seguridad vial basadas en la evidencia: una revisión de la literatura. https://doi.org/10.1016/j.gaceta.2009.04.006 "10) Acharya, P. S., AitBihiOuali, L., Matthews, H. S., & Graham, D. J., 2023. The Impact of Periodic Passenger Vehicle Safety Inspection Programs on Roadway Fatalities: Evidence from US States Using Panel Data. https://doi.org/10.1061/JTEPBS.TEENG-7320 " 11) DGII, 2023. Vehicle fleet statistics bulletin 2022. https://dgii.gov.do/estadisticas/parqueVehicular/1Informes%20Parque%20Vehicular/ParqueVehicular2022.pdf 12) DGAPP, 2021. Evaluation report for the declaration of public interest of a private initiative National Vehicle Technical Inspection Program. https://dgapp.gob.do/wp-content/uploads/2022/02/Informe-Evaluacion-Iniciativa-ITV-Declaracion-de-interes.pdf 13) Galván Zacarías, A., Melo Álvarez, O., Alcántara de Vasconcellos, E., 2014. Inspección técnica vehícular en América Latina. https://scioteca.caf.com/bitstream/handle/123456789/793/InspeccionTecnicaVehicular2015-26ago.pdf?sequence=1&isAllowed=y 14) OPSEVI, 2021. Road Safety Situation in the Dominican Republic, 2020. https://opsevi.intrant.gob.do/wp-content/uploads/2021/12/INFORME-SITUACION-SEGURIDAD-VIAL_2020.pdf 15) INTRANT, 2018. Sustainable Urban Mobility Plan for Greater Santo Domingo. https://www.intrant.gob.do/movilidad/index.php/pmus 16) Executive Summary: ¨Third National Communication of the Dominican Republic to the United Nations Framework Convention on Climate Change. https://unfccc.int/sites/default/files/resource/29064815_Dominican%20Republic-NC3-1-Resumen%20Ejecutivo%20TCNCC_low%20%282%29.pdf 17) Comisión ODS. Indicator 13.2.2 total greenhouse gas emissions by year. http://ods.gob.do/Indicador/Index/247?fromMenu=True 18) Decree No 269-15 National Policy for Climate Change. https://cambioclimatico.gob.do/phocadownload/SobreNosotros/MarcoLegal/DECRETO%20269-15%20POLITICA%20NACIONAL%20DE%20CAMBIO%20CLIMATICO.pdf 19) Law 47-20 on Public-Private Partnerships. https://dgapp.gob.do/wp-content/uploads/2020/09/LEY-47-20.pdf 20) Law No. 344-43 on Expropriations. https://drlawyer.com/espanol/leyes/ley-344-de-1943-que-establece-un-procedimiento-especial-para-las-expropiaciones-intentadas-por-el-estado-el-distrito-de-santo-domingo-o-las-comunes/ 21) Law No. 63-17, on Mobility, Land Transportation, Transit and Road Safety of the Dominican Republic. https://intrant.gob.do/phocadownload/SobreNosotros/MarcoLegal/Leyes/MARCO%20LEGAL-LEY%2063-17%20SOBRE%20TRANSITO,%20TRANSPORTE,%20Y%20SEGURIDAD%20VIAL.pdf 22) Regulation No. 177-18 Organic Regulation of the National Institute of Transit and Land Transportation (INTRANT). https://intrant.gob.do/phocadownload/SobreNosotros/MarcoLegal/Decretos/Regl.%20No.177-18%20Reglamento%20Organico%20del%20INTRANT.pdf 23) Law No. 64-00 on Environment and Natural Resources. https://ambiente.gob.do/marco-legal/ 24) Law No. 16-95 on Foreign Investment. https://prodominicana.gob.do/wp/wp-content/themes/ceird/ceirdpdf/Ley-16-95-sobre-Inversion-Extranjera.pdf 25) Nazif-Muñoz, J. & Pérez, G., 2018. Revisión del desempeño de la seguridad vial en la República Dominicana. https://repositorio.cepal.org/server/api/core/bitstreams/bef9d200-8f18-48cf-b655-550370007bbf/content