Evolving the Economic Appraisals for
Land Transport Investments
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The use of standardised, comprehensive sustainability criteria to appraise the economic value of transport investment proposals is yet to become the new normal. A more comprehensive and integrated approach is needed, one that values additional impacts and outcomes, as well as the broad economic, social and environmental synergies that are emerging across the integrated implementation of public transport, walking and cycling.
About the paper
This paper has been elaborated as a collaboration between SLOCAT and the Transformative Urban Mobility Initiative (TUMI). The objectives of this paper are 1) revealing the structural problems in economic appraisals for transport that prevent investments in public transport, walking, and cycling at scale, and 2) enhancing the understanding of solutions to reverse these problems. This policy paper advocates for a shift towards a wider sustainability lens.
The paper also outlines practical ways to evaluate investments through these lenses. The key focus is on an integrated approach across public transport, walking, and cycling by identifying how much economic, social, and environmental benefit these sustainable transport modes bring and how they can be scaled up.
