Review
'This is an important piece of work on project evaluation. An attractive feature is the balanced treatment of theory and application. The book provides very useful information on efforts of national governments in various countries to increase the quality of project evaluation studies by formulating guidelines for project evaluation. One of the strong points of the book is that it does not only address technical aspects of project evaluation tools, but also the institutional structures within which decisions are taken.' - Piet Rietveld, Vrije Universiteit, Amsterdam and Tinbergen Institute, Amsterdam, The Netherlands
Product Description
This book revisits traditional evaluation methods, such as cost-benefit analysis, to try and find a balance between the ever-increasing demand for transport, the search for sustainable mobility and green transport solutions, and the limited means governments are able to invest in transport (infrastructure) projects. In this respect, the effects of transport policy need to be measured and evaluated based on multiple criteria and need to take into consideration a larger group of stakeholders and investors in transport projects. The book illustrates, methodologically and empirically, why and how the institutional and multi-actor environment impacts the analysis, evaluation and decision making as regards transport (infrastructure) projects in Europe.