Cost-Benefit-Analysis for Road Investment Projects (VSS2000/342)
Overview
Objectives:
The aim is to lay the foundations for a standardized cost-benefit-analysis (CBA) for future road investment projects and to build a basis for major norms of the VSS. To reach this aim some fundamental questions (for example: What should the fundamental arrangement of a CBA look like? Which typology of projects and measures is reasonable?), and several demarcation questions must be answered (for example: Which effects should be included? How should the spatial and temporal demarcation be chosen?).
Methodology:
The development of foundations for major norms for the cost-benefit-analysis (CBA) for road investment projects is structured in three parts.
In part I the fundamentals are gathered: Review of the theoretical background of the CBA and of the existing literature, answers for the fundamental questions of a CBA (procedure, project definition, system of aims and indicators), guidelines for the recording of effects with a detailed discussion of quantitative traffic questions, principles for the valuation of effects, and directions for the balance-sheet of costs and benefits as well as for the interpretation of results.
In part II a workshop is planned in order to discuss and consolidate these fundamentals with traffic planners, professional associations and further interested circles. Based on the consolidated fundamentals a proposal for major norms for the CBA is worked out and supplemented by corresponding comments in part III.
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