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Transport Investment Appraisal and the Environment


Author Info

  • Peter Nijkamp

    (FEWEB, Vrije Universiteit Amsterdam)

  • Barry Ubbels

    (FEWEB, Vrije Universiteit Amsterdam)

  • Erik Verhoef

    (FEWEB, Vrije Universiteit Amsterdam)


This review considers the role of environmental effects in transport investment appraisal, mainly from the perspective of cost-benefit analysis, the most widely adopted appraisal technique. Although the basic principles of CBA are straightforward, several complications are identified that may play an important role in practical CBA's. These include second-best aspects, difficulties with discounting and with the spatial scope of CBA's, and the relation between CBA and the popular but multi-faceted and often ill-defined policy concept of sustainable development.

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Bibliographic Info

Paper provided by Tinbergen Institute in its series Tinbergen Institute Discussion Papers with number 02-104/3.

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Date of creation: 21 Oct 2002
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Handle: RePEc:dgr:uvatin:20020104

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Keywords: Transport; cost-benefit analysis; environment.;

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Cited by:
  1. Cundric, A. & Kern, T. & Rajkovic, V., 2008. "A qualitative model for road investment appraisal," Transport Policy, Elsevier, vol. 15(4), pages 225-231, July.
  2. Bakker, P. & Koopmans, C. & Nijkamp, P., 2009. "Appraisal of integrated transport policies," Serie Research Memoranda, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics 0052, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics.


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