Concerted action 1.1 : Cost-benefit and multi-criteria analysis for new road constructionFunded under: FP2-EURET
The final report of EURET concerted action 1.1 sets out the criteria for economic appraisal of road projects and reviews the methods which can be used for valuing transport benefits and costs. The relevant set of impacts is seen to include construction, maintenance and vehicle operating costs, travel time, safety and local environment as well as more strategic issues. It is proposed that the metric for the appraisal shall be money. Impacts which can be directly monetised using market or quasi-market values should be linked to impacts assessed in more judgmental terms by applying monetary values to the latter. A linear additive approach is then proposed to provide overall estimates of project value.
Bibliographic Reference: Report: DOC EURET/385/94 EN (1994) 175 pp.
Availability: Available from the EURET Programme Office, European Commission, DG VII, 200 rue de la Loi, B-1049 Bruxelles (BE)
Record Number: 199430647 / Last updated on: 1995-01-10
Original language: en
Available languages: en