"Cost-benefit analysis (CBA) is indispensable for making good decisions on what transport projects to fund. It essentially aims to figure out which projects offer the best value for money. However, the practical relevance of CBA does not always live up to its appeal in principle. One problem is...

The Round Table evaluated the relevance of research on the wider economic impacts of investments in transport infrastructure for the practice of project appraisal. This paper comprises the Round Table's presentations and discussions. The standard cost-benefit analysis of transport infrastructure...