Transport project appraisal in the European Union |
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| Affiliation: | 1. Faculty of Civil Engineering,Univerzitna 1, Zilina 010 26, Slovakia;2. Faculty of Civil Engineering,Univerzitna 1, Zilina 010 26, Slovakia;1. Delft University of Technology, Faculty of Technology, Policy and Management, Transport and Logistics Group, the Netherlands;2. Vrije Universiteit Amsterdam, School of Business and Economics, Department of Spatial Economics, the Netherlands;3. Vrije Universiteit Amsterdam, John Stuart Mill College, the Netherlands;4. Institute for Transport Studies Leeds and Choice Modelling Centre, University of Leeds, UK |
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| Abstract: | This paper reviews transport appraisal methods in use in the countries of the European Union. A key element of the paper is an examination of the range of costs and benefits included in appraisal and the degree of consensus on their measurement and valuation. There is a strong consensus on the treatment of a number of direct impacts, where monetary valuation and inclusion in cost benefit analysis is usual. There is less agreement on the treatment of the environmental and social impacts. Recent developments are in the direction of comprehensive multi-modal approaches and a greater use of multi-criteria analysis. |
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