Cost–Benefit Analysis and Incentives in Evaluation

Cost–Benefit Analysis and Incentives in Evaluation

The Structural Funds of the European Union

Edited by Massimo Florio

This book provides an authoritative contribution to applied cost–benefit analysis (CBA) and other evaluation methods in the context of the regional policy of the European Union. Through the use of Structural Funds and other financial and regulatory mechanisms, the EU will help to promote thousands of infrastructure projects in the next decade. CBA will be a key ingredient in the investment decision process and the authors provide important insights from their international experiences in project appraisal and evaluation and point to some valuable lessons to be learnt for the future.

Chapter 7: Cost–Benefit Analysis of Transport Projects in France

Emile Quinet

Subjects: economics and finance, public sector economics, valuation, environment, transport, valuation


7. Cost–benefit analysis of transport projects in France Emile Quinet INTRODUCTION Transport project evaluation through cost–benefit analysis (CBA) has a long lasting tradition in France. It dates back to the early 1960s, when guidelines for road investment choices had been established in order to match the growing needs to the scarce financial resources. From that period, CBA has been gradually extended to other transportation modes and embedded in various consultation procedures and public hearings. Significant changes appear about every five years. The usual process is that a commission is charged to study the specific actual problems and to provide directions of improvement. The recent commissions, hosted by the Comissariat général du Plan,1 took place in 1994 (Comissariat général du Plan, 1994), 2000 (Comissariat général du Plan, 2000) and 2005 (Comissariat général du Plan, 2005). The first one gave a new impulse to CBA, relying on the strict principles of economic theory and surplus analysis, after a period where CBA practice was founded on a rather loose use of multicriteria analysis. The second one defined the means to take into account external effects and fixed monetary values for those external effects. The third one paid attention to the discount rate and to risk. These results have been embedded into directives issued by the Ministry of Transport for the evaluation of infrastructure projects of national networks (rail, inland waterways and seaports). The most recent...

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