This paper examines whether the results of cost-benefit analyses (CBA) for road and rail projects can be compared with each other. Road and rail projects address different transport needs and aim to solve different problems. This does not make comparisons between CBAs for each mode impossible,...

This paper analyses three main mechanisms through which transport improvements have impacts that deliver real income gain over and above user-benefits. One is economic density and productivity, a second is induced private investment and associated land-use change, and a third is employment...

This paper examines the issue of financing infrastructure investment projects. It looks closely at what the market failures are that mean the private sector has not been able to cover the investment requirement itself. It will then assess the government failures associated with intervention, and...

There is a drive towards delivering and operating public infrastructure through public-private partnerships as opposed to traditional approaches. The assessment of the value for money achieved by the two alternative approaches rests on both the cost of financing, and the efficiency in delivery...

The Belt and Road initiative, recently embarked on by China, aims to improve cross-border infrastructure in order to reduce transportation costs across a massive geographical area between China and Europe. The authors estimate how much trade might be created among Belt and Road countries as a...

This paper reviews methods that seek to draw causal inference from non-experimental data and shows how they can be applied to undertake ex-post evaluation of transport interventions. In particular, the paper discusses the underlying principles of techniques for treatment effect estimation with...

Le présent rapport est consacré au financement des projets d’investissement dans les infrastructures (de transport). Ses auteurs examinent de près les défaillances du marché en raison desquelles le secteur privé ne parvient pas à combler à lui seul l’intégralité des besoins en...