This book explores the various economic and institutional factors that explain why huge investments are made in unworthy transportation mega-projects in the US and other countries. It is based on research, the general literature, economic analyses, and results from a specifically collected...

There is general agreement among diverse groups and individuals that Canada's transportation infrastructure desperately requires improvement. As governments move to confront this challenge, it is not enough that they simply commit to building more roads or bridges; the infrastructure must be...

This book explores the various economic and institutional factors that explain why huge investments are made in unworthy transportation mega-projects in the US and other countries. It is based on research, the general literature, economic analyses, and results from a specifically collected...

chapter 1 Objectives, Scope, and Structure -- chapter 2 The Policy Framework of Project Evaluation -- chapter 3 Welfare Foundations of Project Appraisal -- chapter 4 Transportation Benets from Infrastructure Improvements -- chapter 5 Measuring the Costs of Transportation Investment Projects --...