We explore how benefit-cost efficiency and electoral support affect road investment decisions in Sweden and Norway. In Norway, neither benefits nor costs seem to affect project selection. In Sweden, civil servants’ decisions are strongly affected by projects’ benefit-cost ratios, with a...

The choice of an appropriate social rate of discount is critical in the decision-making process on public investments. In this paper we review the literature on social discounting, and address in particular a recently growing field of related research, that is, individual time preferences. We...

Using individual travel diary data collected before and after the rail transit coverage expansion in urban Beijing, this paper estimates the impact of rail accessibility improvement on the usage of rail transit, automobiles, buses, walking, and bicycling, measured as percent distance traveled by...

In the current economical and financial crisis, the economic evaluation of transport infrastructure investment projects is of most importance. Given the need of most governments to reduce spending and control the deficit, having tools that facilitate decision-making seems to be a key objective....

In this paper, the researchers have delved into the perception of consumers towards PPP in Uttar Pradesh. The main objectives of this paper are to study the requirement of basic infrastructure, capability of the government and the need to involve private partners for providing infrastructure...

The paper is based on a lecture in the Beesley Series delivered at the Institute of Directors in London, in October 2012. Initially, it points out that transport infrastructure in the UK prior to the 20th century was planned and developed largely by private interests. Today private sector...

Indore is a typical tier-2 town in the central province of India, fast becoming a regional commercial hub in an economically booming state. The city has a population of over 2 million with no significant public transport. Among the multiple options available, the city started implementing a...

Large infrastructure projects are high cost investments devoted to the construction and operation of long life, specific assets, characterized by demand uncertainty and irreversibility. Besides these technical characteristics, the usual institutional setting for the proposal, evaluation and...

In this paper we consider the experience of transport and environmental evaluation in the framework of the Cohesion Fund, established by the EU in 1993 to co-finance through grants infrastructure projects in Spain, Portugal, Ireland and Greece, and more recently in the new Member States. We...

We estimate benefits that have resulted from extensions to Auckland's Northern Motorway since 1991. Population and employment rose substantially in locations near the new exits and to the north of the motorway extension, relative to developments elsewhere on the North Shore and in the broader...