This paper is concerned with project level outcomes of 10 large transport projects spread over eight countries that had benefited from EU Cohesion and ISPA funding. These are analysed within a cost benefit analysis framework with comparisons being made between the ex ante and ex post cost...

Option values and non-use values are well-known concepts in environmental economics, but so far there been few attempts to apply the concepts to the transportation field. This paper therefore firstly reviews empirical studies on transport option and non-use values, and secondly examines the...

In contrast to urban areas, very little quantitative work has been done on the demand for rural cycling infrastructure and the willingness of users to pay for such infrastructure. Furthermore there is little evidence on the demand for or value of walking infrastructure in either urban or rural...

Twenty-one sources of error and bias in the appraisal of transport projects are identified. These relate to objectives, definitions, data, models and evaluation conventions. Objectives may be unclear, incompletely specified or inconsistent with appraisal criteria. Definitions of study areas and...