Laird, JJ, Nash, C and Mackie, PJ (2014) Transformational transport infrastructure: cost benefit analysis challenges. Town Planning Review, 85 (6). 709 - 730 (21). ISSN 0041-0020
Abstract
Current economic conditions are dominated by the imperative for growth, so the planning context for transport infrastructure is increasingly one of supporting economic growth. This change creates challenges for the appraisal of transport projects, particularly transformational ones. In this paper, the technique of transport cost-benefit analysis (CBA) is reviewed, with particular emphasis on incorporating the wider economy impacts. CBA is a robust framework, but when dealing with truly transformational projects where land uses change, CBA methods need to develop. Further empirical evidence on the scale of economic change induced by the change in accessibility is also needed.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | (c) 2014, Liverpool University Press. This is an author produced version of a paper published in Town Planning Review. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | transformational projects, cost-benefit analysis, land-use change, economic impact, transport appraisal |
Dates: |
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Institution: | The University of Leeds |
Academic Units: | The University of Leeds > Faculty of Environment (Leeds) > Institute for Transport Studies (Leeds) > ITS: Economics and Discrete Choice (Leeds) |
Depositing User: | Symplectic Publications |
Date Deposited: | 27 Jul 2015 08:25 |
Last Modified: | 15 Nov 2016 21:59 |
Published Version: | http://dx.doi.org/10.3828/tpr.2014.43 |
Status: | Published |
Publisher: | Liverpool University Press |
Identification Number: | 10.3828/tpr.2014.43 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:87446 |