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PIARC (World Road Association), founded in 1909 and comprising 125 member governments from all over the world, is the global forum for exchange of knowledge and experience on roads, road transport policies and practices. With consultative status to the Economic and Social Council of the United Nations, the Association is contributing to a stable and sustainable global development of the road and transport sector.

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Transport effects on the creation and circulation of value flows: principles for policy evaluation

The major components of transport systems, i.e. traffic and access infrastructure, rolling stock and operating systems, constitute a set of facilities characterized by a long life cycle and high costs. As a result, capital investment decisions carry with them huge consequences, and it is commonplace to prepare all such decisions by performing beforehand a cost/benefit analysis. A standard method has been gradually developed in order to evaluate infrastructure projects (e.g. see the French circular COBA, the English WebTAG), in accordance with recognized scientific guidelines and with impetus provided by public authorities - with major similarities between countries all over the world (PIARC, 2009).

  • Information sheet

    • Date: 2012
    • Author(s): LEURENT Fabien
    • Domain(s): Road Policies / Road Network Operations
    • Type: Routes/Roads 356 - Article -
    • PIARC Ref.: RR356-038
    • Number of pages: 8
  • This article has been published in the Routes/Roads magazine