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Consequences of differences in cost-benefit methodology in railway infrastructure appraisal—A comparison between selected countries

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  • Olsson, Nils O.E.
  • Økland, Andreas
  • Halvorsen, Siri B.

Abstract

This paper presents the cost-benefit methodology used in the appraisal of railway infrastructure in Norway, Sweden, Denmark, the UK, France, Germany and Switzerland. The consequences of differences in methodology are illustrated by a case-study undertaken with the methodology from each of the seven countries. Differences in methodology means that results from the analyses are far from similar. The case project has a positive net present value based on Swiss and British methodology, but negative net present value using methodology from any of the other five countries.

Suggested Citation

  • Olsson, Nils O.E. & Økland, Andreas & Halvorsen, Siri B., 2012. "Consequences of differences in cost-benefit methodology in railway infrastructure appraisal—A comparison between selected countries," Transport Policy, Elsevier, vol. 22(C), pages 29-35.
    • Handle: RePEc:eee:trapol:v:22:y:2012:i:c:p:29-35
    DOI: 10.1016/j.tranpol.2012.03.005
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    Cited by:

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    2. Grimaldi, Raffaele & Beria, Paolo, 2013. "Open issues in the practice of cost benefit analysis of transport projects," MPRA Paper 53766, University Library of Munich, Germany.
    3. Carl Koopmans & Piet Rietveld, 2013. "Long-term impacts of mega-projects: the discount rate," Chapters, in: Hugo Priemus & Bert van Wee (ed.), International Handbook on Mega-Projects, chapter 14, pages 313-332, Edward Elgar Publishing.

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