Notes on the Economic Evaluation of Transport Projects
In response to many requests for help in the application of both conventional cost benefit analysis in transport and addressing of the newer topics of interest, we have prepared a series of Economic Evaluation Notes that provide guidance on some of...
| Main Authors: | , , |
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| Format: | Brief |
| Language: | English |
| Published: |
World Bank, Washington, DC
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2005/01/6370917/notes-economic-evaluation-transport-projects http://hdl.handle.net/10986/11791 |
| Summary: | In response to many requests for help in
the application of both conventional cost benefit analysis
in transport and addressing of the newer topics of interest,
we have prepared a series of Economic Evaluation Notes that
provide guidance on some of issues that have proven more
difficult to deal with. The Economic Evaluation Notes are
arranged in three groups. The first group (TRN-6 to TRN-10)
provides criteria for selection a particular evaluation
technique or approach; the second (TRN-11 to TRN-17)
addresses the selection of values of various inputs to the
evaluation, and the third (TRN-18 to TRN-26) deals with
specific problematic issues in economic evaluation. The
Notes are preceded by a Framework (TRN-5), that provides the
context within which we use economic evaluation in the
transport sector. Economic evaluation involves the
assessment of the net value of projects and policies. In the
transport sector we value projects in terms of their net
worth, the difference between the value of their benefits
and their costs, both measured so far as is possible in
terms of monetary units. This disarmingly simple statement
leads to many questions; evaluation by whom, for whom, from
what perspective, at what stage. One of the features of
transport decisions is that they typically impact on many
parties - transport operators, individual transport users,
local residents and businesses, land and property owners,
national and local taxpayers. |
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