Cost benefits analysis (CBA) is regularly used to evaluate transport investment decisions. Current practices tend to be biased in several ways: They focus on motorised vehicles and savings of travel time which can create a self-fulfilling prophecy: time gains, often based on optimistic assumptions, will justify investments. Community goals related to accessibility, health and liveability are often overlooked or undervalued. Given the lack of comparison of investment decisions – high-speed railway systems, active mobility in cities, these biases can result in suboptimal investments that fail to reflect community demands.
The workshop seeks to critically review the value of travel time and its uses in the updated European Handbook on the external cost of transport, the use of discounting with relevance for key parameters such as climate change or air pollution. Specifically, the workshop will discuss whether cost-benefit analyses should only be used in transport planning processes that already have a focus on increasing accessibility, health and liveability, i.e., to assess the effectiveness of investments with these overarching objectives.
The event is public. It is an online event. Please connect through this link.
Please find all the details and agenda here.
DATE: 3rd December 2024 9:30-17:00 (CET).
VENUE: Online