This paper describes the use of regulatory impact assessment (RIA) and cost-benefit analysis (CBA) for transport planning in Sweden and discusses the arguments for and against its use. The paper considers four main aspects: First, the Swedish planning context and existing requirements regarding...

Cost-benefit analysis (CBA) is widely recognized to be helpful, even indispensible, for making good decisions on what transport projects to fund. It essentially aims to figure out which projects offer the best value for money, one of the core criteria for making decisions. However, the practical...

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...

Cost-benefit analysis (CBA) is indispensable for making good decisions on what transport projects to fund. It essentially aims to figure out which projects offer the best value for money. However, the practical relevance of CBA does not always live up to its appeal in principle. One problem is...

Inclusiveness affects the underlying thinking and consequential analysis of accessibility issues in transport. If the fundamental premise is that all people are equal and should be viewed as stakeholders in matters of public policy then it not only reflects international treaties, such as the...

This paper starts from the premise that the scope of the appraisal of transport projects should depend upon the presence (or absence) of various forms of market failure. It reviews the purposes and processes of transport appraisal before setting out a typology of market failures. Then it...