The Round Table addressed the broad question of what research and experience tell us about how to arrive at a successful introduction of congestion charging schemes. Attention was limited mostly to urbanized areas where road traffic congestion is or may become an issue. “Success” means (a)...

Mexico´s public investment process is strengthened by an institutional framework that ensures that projects with a high social return are given preference. The Federal Law of Budget and Financial Responsibility establishes as prerequisite for federal investments the obligation to present a...

A brief review of long run projections of demand for road transport suggests that problems related to road network congestion and greenhouse gas emissions are likely to become more pressing than they are now. Hence we review, from a macroscopic perspective, popular policy measures to address...

It has always been a controversial tool, generating accusations of unacceptable principle, improper application, inadequate evidence base and bias. One early application was to the appraisal of the proposed third London Airport where a critic labelled the project appraisal as “nonsense on...

The practice of cost-benefit analysis (CBA) has a long tradition in France, dating back to Dupuit (1849), but is still a topical subject. This practice is in fact the result of the combination of economic theory and decision processes regarding project choices. Both of these are constantly...

This paper provides evidence on and discussion of recent developments in global transport markets and analyzes what policies look most promising for stabilizing CO2- emissions from light-duty vehicles. In the aftermath of the economic crisis, recovery is uncertain and unevenly spread across the...

If the transport sector is to make deep cuts to its carbon emissions, it is necessary to reduce the carbon-intensity of travel. Reducing travel itself, at some times and places, is sometimes justified but it is extremely unlikely that under expected global economic development patterns overall...

This paper will trace the development of modern regulation of emissions, both local and global, from motor vehicles. To illuminate the principal themes of this story the focus will be on the experiences of the United States and Europe. Among those themes, three stand out, questions that sooner...

The allocation of traffic between different transport modes follows transport user decisions which depend on the generalized cost of travel in the available alternatives. High Speed Rail (HSR) investment is a government decision with significant effects on the generalized cost of rail transport;...

The debate on whether there are wider economic benefits from transport infrastructure investments continues to cause debate and controversy. This debate occurs both between analysts seeking to find a robust method for identifying and measuring the size of such benefits and between policy makers...