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Major Transport Infrastructure Projects and Economic Development

image of Major Transport Infrastructure Projects and Economic Development

This report discusses the state of the art in understanding the economic effects of major transport infrastructure projects. It examines the limits of socio-economic cost-benefit analysis (CBA) and reviews the development of complementary and alternative approaches to assessing the benefits of investment in large, transformative projects. In particular, his report focuses on practical appraisal tools developed for assessment of the Grand Paris super-metro and London’s Crossrail project.

 

 

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The Greater Paris Metro Project: Characteristics and Challenges

International Transport Forum

In this brief introduction, the author will highlight the two important characteristics of our project and our overall challenge of carrying out a robust assessment of its socio-economic impact, and then he will ask four questions which seem to him to be fundamental.

The Greater Paris Metro represents a considerable structural change which will cut a number of journey times by 50%. This metro thus poses new questions about the scale of threshold effects in public transport.

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