Policy and Planning for Large Infrastructure Projects

Policy and Planning for Large Infrastructure Projects
Author: Bent Flyvbjerg
Publisher: World Bank Publications
Total Pages: 32
Release: 2005
Genre: Economic development projects
ISBN:
GET BOOK

Abstract: "This paper focuses on problems and their causes and cures in policy and planning for large infrastructure projects. First, it identifies as the main problem in major infrastructure development pervasive misinformation about the costs, benefits, and risks involved. A consequence of misinformation is massive cost overruns, benefit shortfalls, and waste. Second, the paper explores the causes of misinformation and finds that political-economic explanations best account for the available evidence: planners and promoters deliberately misrepresent costs, benefits, and risks in order to increase the likelihood that it is their projects, and not the competition's, that gain approval and funding. This results in the "survival of the unfittest," where often it is not the best projects that are built, but the most misrepresented ones. Finally, the paper presents measures for reforming policy and planning for large infrastructure projects, with a focus on better planning methods and changed governance structures, the latter being more important."--World Bank web site.

Cost-Benefit Analysis for Development

Cost-Benefit Analysis for Development
Author: Asian Development Bank
Publisher: Asian Development Bank
Total Pages: 367
Release: 2013-01-01
Genre: Business & Economics
ISBN: 9290929588
GET BOOK

The Asian Development Bank (ADB) has been continuously undertaking measures to enhance the effectiveness of its operations. To improve projects both at the preparation and implementation stages, ADB issued the Guidelines for Economic Analysis of Projects in 1997 as a means to enhancing project quality at entry. The conduct of proper economic analysis helps ensure the efficient use of development funds and public resources and thereby increase aid effectiveness. This practical guide is a supplement to the Guidelines for the Economic Analysis of Projects. It provides an overview of recent methodological developments in cost-benefit analysis as well as suggested improvements in the economic analysis of projects in selected sectors through case studies. These case studies illustrate the application of suggested methodologies, taking into account sector-specific needs, as well as difficulties faced by practitioners in terms of data and time constraints during project processing. It also aims to contribute to ADB’s capacity building initiatives as this will be the main reference material for conduct of economic analysis.

The Use of Ex Post Cost-Benefit Analysis to Assess the Long-Term Effects of Major Infrastructure Projects

The Use of Ex Post Cost-Benefit Analysis to Assess the Long-Term Effects of Major Infrastructure Projects
Author: Massimo Florio
Publisher:
Total Pages: 18
Release: 2016
Genre:
ISBN:
GET BOOK

This paper draws and expands from a recent ex-post evaluation carried out for the European Commission aimed at assessing the long term effects produced by a sample of ten major infrastructures in the Transport and Environment sectors and interpreting the key determinants of the observed performance. This evaluation study offered a unique opportunity to draw conclusions on the value of performing ex-post evaluations and to test an innovative evaluation design combining cost-benefit analysis (CBA) with qualitative assessment and adopting a long-run perspective (30 years), which extends into both the past and the future, and requires a mix of retrospective and prospective analysis. This paper presents the potential of ex-post CBA to assess long term impacts of major infrastructure projects and discusses some methodological and institutional implications related to its use.

Introduction to Cost–Benefit Analysis

Introduction to Cost–Benefit Analysis
Author: Ginés de Rus
Publisher: Edward Elgar Publishing
Total Pages: 256
Release: 2021-03-26
Genre: Business & Economics
ISBN: 1839103752
GET BOOK

This thoroughly updated second edition incorporates key ideas and discussions on issues such as wider economic impacts, the treatment of risk, and the importance of institutional arrangements in ensuring the correct use of technique. Ginés de Rus considers whether public decisions, such as investing in high-speed rail links, privatizing a public enterprise or protecting a natural area, may improve social welfare.

Cost_Benefit Analysis and Incentives in Evaluation

Cost_Benefit Analysis and Incentives in Evaluation
Author: Massimo Florio
Publisher: Edward Elgar Publishing
Total Pages: 353
Release: 2007-10-26
Genre: Business & Economics
ISBN: 1783479116
GET BOOK

This book provides an authoritative contribution to applied cost_benefit analysis (CBA) and other evaluation methods in the context of the regional policy of the European Union. Through the use of Structural Funds and other financial and regulatory mec

Benefit-Cost Analysis

Benefit-Cost Analysis
Author: Harry F. Campbell
Publisher: Cambridge University Press
Total Pages: 366
Release: 2003-06-16
Genre: Business & Economics
ISBN: 1107717590
GET BOOK

Benefit-Cost Analysis offers the perfect introduction to benefit–cost analysis. The book closely integrates the theory and practice of benefit–cost analysis using a spreadsheet framework. The spreadsheet model is constructed in a truly original way which contributes to transparency, provides a check on the accuracy of the analysis, and facilitates sensitivity, risk and alternative scenario assessment. A case study incorporating the various issues is progressively developed on a spreadsheet with the links between each stage thoroughly explained. The complete case study spreadsheet can serve as a template for the reader's own appraisal of projects in the field. In addition to the worked examples in the text some exercises are appended at the end of each chapter. For further information please visit http://www.uq.edu.au/economics/bca