27 March 2019

Quantifying the Socio-economic Benefits of Transport

Written by International Transport Forum and OECD
27 March 2019

This report sets out several recent advances and describes efforts to improve the quality of Transport Cost-benefit analysis (CBA) and its applicability to decision-making. Strategies for making the most of CBA, valuing and forecasting reliability benefits, and capturing wider economic impacts are the 3 main areas that are addressed in the report. Economic appraisal can offer decision-makers important insights into the expected socio-economic impacts of transport projects. The growing importance of the services sector have increased the interest of decision-makers in economic benefits beyond those which are traditionally captured in transport appraisal.

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