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1 - Developing a framework for inclusion of Wider Economic Benefits in Road Project Appraisals
1-Keywords : Data analysis, Economic Evaluation, Wider Economic Benefits
2-Background: Traditionally when evaluating road investment schemes the focus has been on the road agency costs and the road user costs. However, it is recognised that the benefits and costs of road investment has a broader economic effect.
3- objective(s):
I. To review the current literature on the wider economic benefits of road investment.
II. Identify the broad range benefits and costs associated with different road investment scheme and define a schema to classify these.
III. Identify how such wider economic benefits could be used in HDM-4 and demonstrate through example case studies the impact on a project evaluation.
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