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Transport infrastructure: Investment and planning. Policy and research aspects

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  • Short, Jack
  • Kopp, Andreas
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    Abstract

    Substantial resources are devoted to infrastructure investment planning. However, considerable distance remains between planning outcomes on the one hand and policy decisions and implementation on the other. This paper looks at the reasons for this difference form the perspective of the experience of the European Conference of Ministers of Transport. A first potential reason for the weaker than expected role of planning in infrastructure policies is the weak data availability. Institutional changes of the transport sector do not facilitate an the upgrade of their quality. Secondly, despite enormous efforts to improve planning methods and institutions there is no obvious convergence to a "best practice". This considerably contributes to the difficulties of international coordination of infrastructure policies, despite the growing demand for such coordination given the rapid processes of international economic integration. Finally, research should help to feed back the results of ex post evaluations of infrastructure investment projects and programs into the planning process.

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    Bibliographic Info

    Article provided by Elsevier in its journal Transport Policy.

    Volume (Year): 12 (2005)
    Issue (Month): 4 (July)
    Pages: 360-367

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    Handle: RePEc:eee:trapol:v:12:y:2005:i:4:p:360-367

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    1. Friedlaender, Ann F. & Mathur, Subodh C., 1982. "Price distortions, financing constraints and second-best investment rules in the transportation industries," Journal of Public Economics, Elsevier, Elsevier, vol. 18(2), pages 195-215, July.
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    5. Alain Bonnafous, 2003. "Assessing our Expertise," Post-Print, HAL halshs-00091248, HAL.
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    8. Alain Bonnafous & Yves Crozet, 1997. "Evaluation, dévaluation ou réévaluation des lignes à grande vitesse ?," Post-Print, HAL halshs-00140016, HAL.
    9. Mackie, Peter & Preston, John, 1998. "Twenty-one sources of error and bias in transport project appraisal," Transport Policy, Elsevier, Elsevier, vol. 5(1), pages 1-7, January.
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    Cited by:
    1. Rodenburg, C.A. & Nijkamp, P. & Groot, H.L.F. de & Verhoef, E.T., 2009. "Valuation of multifunctional land use by commercial investors: a case study on the amsterdam zuidas mega-project," Serie Research Memoranda, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics 0024, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.
    2. Knudsen, M.Aa. & Rich, J., 2013. "Ex post socio-economic assessment of the Oresund Bridge," Transport Policy, Elsevier, Elsevier, vol. 27(C), pages 53-65.
    3. Louw, Erik & Leijten, Martijn & Meijers, Evert, 2013. "Changes subsequent to infrastructure investments: Forecasts, expectations and ex-post situation," Transport Policy, Elsevier, Elsevier, vol. 29(C), pages 107-117.
    4. Pradhan, Rudra P. & Bagchi, Tapan P., 2013. "Effect of transportation infrastructure on economic growth in India: The VECM approach," Research in Transportation Economics, Elsevier, Elsevier, vol. 38(1), pages 139-148.
    5. Shih Hsu Wang Author_Email: wss.cv91g@nctu.edu.tw & Ren-Jye Dzeng & Cheng-Kai Huang, 2011. "A Study Of Fuzzy Evaluations Applied In Infrastructure Development Strategy," International Conference on Management (ICM 2011) Proceeding, Conference Master Resources 2011-058-176, Conference Master Resources.
    6. Deng, Ping & Lu, Shiqing & Xiao, Hanbin, 2013. "Evaluation of the relevance measure between ports and regional economy using structural equation modeling," Transport Policy, Elsevier, Elsevier, vol. 27(C), pages 123-133.
    7. Ricardo S. Martins & Mauro Borges Lemos, 2006. "Corredor centro-leste: sistemas de transporte de Minas Gerais na perspectivas dos eixos de desenvolvimento e integração," Textos para Discussão Cedeplar-UFMG td289, Cedeplar, Universidade Federal de Minas Gerais.
    8. Polydoropoulou, Amalia & Roumboutsos, Athena, 2009. "Evaluating the impact of decision making during construction on transport project outcome," Evaluation and Program Planning, Elsevier, Elsevier, vol. 32(4), pages 369-380, November.
    9. Kölbl, Robert & Niegl, Martin & Knoflacher, Hermann, 2008. "A strategic planning methodology," Transport Policy, Elsevier, Elsevier, vol. 15(5), pages 273-282, September.
    10. Huber, Hans, 2010. "Planning for balanced growth in Chinese air traffic: A case for statistical mechanics," Journal of Air Transport Management, Elsevier, Elsevier, vol. 16(4), pages 178-184.
    11. Salling, Kim Bang & Leleur, Steen, 2011. "Transport appraisal and Monte Carlo simulation by use of the CBA-DK model," Transport Policy, Elsevier, Elsevier, vol. 18(1), pages 236-245, January.
    12. Olsson, Nils O.E. & Krane, Hans Petter & Rolstadås, Asbjørn & Veiseth, Mads, 2010. "Influence of reference points in ex post evaluations of rail infrastructure projects," Transport Policy, Elsevier, Elsevier, vol. 17(4), pages 251-258, August.

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