A number of highly cited papers by Flyvbjerg and associates have shown that ex ante infrastructure appraisals tend to be overly optimistic. Ex post evaluations indicate a bias where investment costs are higher and benefits lower on average than predicted ex ante. These authors argue that the...

This paper aims to shed light over the options to relocate the current Container Terminal of St. ª Apolónia in the port of Lisbon, to allow the construction of the new Cruise Terminal. Additionally, underlying this purpose is also to valuing city´s shoreline (in its environmental, tourist and...

The rise in worldwide goods transport is an important factor in the increase of national GDP’s, but at the same time it poses serious threats in terms of the quality of life, mainly regarding the population in developed countries, who are however the main beneficiaries of the resulting...

ABSTRACT The current competition in port activity is not just a competition between ports but in terms of logistics networks to which they belong. If the geographic scope of competition corresponds to its competitive hinterland, the corresponding phase, the port regionalization of the...

The article describes the implementation of economic and financial mechanism that maintains infrastructure development through the resource supply. In the authors vision there are presented some approaches to the calculation of the regulated infrastructure tariffs and to the formation of the...

The removal of infrastructure bottlenecks is widely considered among the most profitable interventions, in socio-economic terms, and rail transport is not an exception. However, as outlined for example by RailPAG (2005), the measurement of the related benefits is difficult and no specific...

The welfare and social peace are the most important concepts when making policy decisions and investment spending of public resources. Currently both welfare and social peace are compromised by the lack of productive capital and excess of speculative capital, the imbalance between suffering...

The aim of this paper is twofold. First, we analyze the Inter-territorial Compensation Fund (ICF) as a regional policy instrument contemplated in the 1978 Spanish Constitution. Attention is focused on the period 1990-2013. Both the drivers of the ICF and its impact on regional public investment...