Transport and Covid-19: responses and resources

Ask the Author: "Broadening Transport Appraisal"

ITF Meeting ITF Meeting

14:30 CEST

In this 30-minute online presentation and question and answer session, author Rex Deighton-Smith presents the new ITF report "Broadening Transport Appraisal". Cost-Benefit Analysis (CBA) has long had a central role in transport and other infrastructure project appraisal in OECD countries. It provides an accepted and broadly consistent framework for quantitative evaluations of project performance and comparisons of the merits of different potential projects. However, it has also been criticised as limiting analysis to those impacts most readily quantified and monetised.

CBA methodology continues to develop, and guidance documents increasingly require or encourage a wider range of impacts in the analysis. This tendency is both the result of a desire for more complete analysis and a response to critics who have questioned the primacy of CBA (ITF 2021).

The report reviews improvements in appraisal and ensures that, in addition to analysing options in value for money terms - the traditional focus of CBA - analysis focuses on the declared strategic objectives of investment policy.

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