Cost-Benefit Evaluation Tools on the Impacts of Transport Infrastructure Projects on Urban Form and Development

Abstract

This study reviews literature for identifying the methods in order to evaluate the impacts of key transport infrastructure provisions on urban form and peri-urban development in European Union (EU) member countries. Key impacts and linkages of transportation provision on urban development trends are identified through the international literature. These include direct impacts of transportation infrastructure provision, socioeconomic impacts, transportation network effects and energy and environmental impacts. Among the evaluation methodologies, cost-benefit analysis (CBA) is the most common approach for transport policy impact assessments both in the national project appraisal guidelines and in scientific analysis and research. Considering its extensive usage in the appraisal work, the main focus will be on the evaluation tools used within the CBA approach. The corresponding data requirements for the valuation of indicators will be also discussed in order to assess the impacts of costs and benefits of transport investments, particularly rapid rail investments, on urban form and development.

Regional transport accessibility and residential property values: The case study of the Greater Toronto and Hamilton area

“…The relationship between property value and TI is of critical importance to both transport and urban policy. Key policy questions of relevance to this relationship include: i) the potential to "capture" increases in property values resulting from TI investment (Levinson and Istrate, 2011); ii) the need to include property value impacts of TI investments, among other urban form impacts such as reductions in greenhouse gas emissions and congestion, in the calculation of the total benefits accruing from such investments (Ustaoglu and Williams, 2020); iii) the desire to reduce urban auto dependency and associated autorelated urban sprawl by inducing more "transit-oriented" and active transport-oriented urban forms (Cervero, 2004); iv) an increasing concern in many major urban areas about the affordability of housing for lower-and even middle-income households and the fear of transitinduced gentrification due to transit accessibility improvements (Grube-Cavers and Patterson, 2015); v) the concern about distorted land markets in rapidly growing urban regions where TI investment fails to keep pace with population and employment growth, and the resulting spatial distribution of households and firms competing for increasingly scarce activity/travel accessibility (Lin and Yang, 2019).…”

Validation of a Key Performance Indicator Framework Demonstrating Economic Benefits Gained through Resolving Nautical Bottlenecks on Selected Sections of the Danube

“…Quantitative benefit evaluation serves as a basis for investment decisions, particularly in complex economic evaluations. Although economic evaluations are time-consuming and expensive, they play a vital role in strategic planning for various sectors, including transport and infrastructure projects [11][12][13][14]. However, the challenge lies in selecting appropriate key performance indicators (KPIs) that can quantify the benefits for each specific use case [15].…”