In general terms, the general Common Transport Policy (CTP) objectives of the European Union may be formulated in efficiency, regional development and environmental categories. Setting objective targets in the environmental field based on scientific evidence is not yet possible, so that it is...

This paper discusses a number of issues centred around the evaluation of the benefits and costs of transport. It is argued that, for various reasons, transport cannot be treated as an ‘ordinary’ economic sector, and in the paper the policy implications of a number of the sector’s...