Privatization has increased the number of players in the decision-making process for major transport investment decisions. The main argument of this paper is that this fragmentation is creating opportunities for strategic decision-making by each actor and that this is particularly obvious in the...

Forecasting has long been a challenge, and will remain so for the foreseeable future. But the analytical instruments and data processing capabilities available through the latest technology, and software, should allow much better forecasting than transport ministries, or regulatory agencies...

This chapter deals with the situation of Cost Benefit Analysis applied to transport projects in France. The principles of the directives now in force are analysed. They are based on the Dupuit surplus, including user’s surplus, external effects and producer’s surplus. The unitary values of...

The practice of cost-benefit analysis (CBA) has a long tradition in France, dating back to Dupuit (1849), but is still a topical subject. This practice is in fact the result of the combination of economic theory and decision processes regarding project choices. Both of these are constantly...