Ex Post Appraisal: What Lessons Can Be Learnt from EU Cohesion Funded Transport Projects

摘要: Investment decisions are rarely made with future impacts known for certain. Minimising this uncertainty plays a large part in any case funding. A number of authors have considered the role that bias influencing ex ante cost benefit results - e.g. Mackie and Preston (1998) Flyveberg (2007). Completing an post appraisal is one method can be used to determine whether reality investment or it anyway similar expected/ forecast cost-benefit analtsis (CBA) submitted (e.g. expected time savings same magnitude as those forecast) investigate causes differences. This paper describes research project (completed 2011) funded by DG REGIO, which focused on evaluation ten transport projects European Union (EU) countries benefiting from EU Cohesion ISPA funding during period 2000-2006. The aim was evaluate these comparing Cost Benefit Analysis carried out original CBA EC differences exist were realised consider what recommendation could improving guidelines. reviews literature key findings recommendations.