A large share of the public transportation services is provided usingcontests for companies to find a low cost provider of these services. A trend towardssmaller units of transportation has been observed, as the demand for increasedefficiency and cost minimisation has shifted traditional...

This paper discusses two emerging issues in transport project appraisal. First, the discount rate may need to vary as many of the current projects have maintenance times shorter than the conventional transport projects, and these projects are less vulnerable to changes in the investment climate....