Cost-benefit and multi-criteria analysis for new road construction
The aim of the report is to propose and develop in outline a common but flexible method of economic appraisal for new road construction. Determining investment priorities requires some mixture of political assessment, economic appraisal and technical and operational assessment. A systematic assessment of the benefits and costs of alternative expenditures is required. As a background for the methodology set out a major review of current European national methods and practices was carried out.