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The aim of this report is to propose and develop in outline a common but flexible method of economic appraisal for investment in new railway infrastructure. An overriding objective is to ensure consistency with the Euret 1.1 study of roads and parallel studies of inland waterways, nodal centres for goods and nodal centres for passengers. The specific objectives of this research were divided into four phases:

- Phase I should provide a general review of the evaluation methods used for railway investment in the member states of the EU and in other countries;
- Phase II should provide a detailed review of the measurement methods used to assess the impacts of railway investments in the 16 countries that form the European Economic Area (EEA);
- Phase III should determine the range of impacts to be employed in the European Approach;
- Phase IV should determine the measurement methods to be employed in the European Approach.

Additional information

Authors: PRESTON J, University of Leeds (GB)
Bibliographic Reference: Report: EN (1996) 95pp., free of charge
Availability: Available from the Transport Research Helpdesk, European Commission, DG VII-E, Avenue de Beaulieu 31, B-1160 Bruxelles (BE), Fax: +32-2-2954349
ISBN: ISBN 92-827-7417-1
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