Journal article

Do The Selected Trans European Transport Investments Pass The Cost Benefit Test?

Transport infrastructure
Cost benefit analysis
Europe

This paper assesses the economic justification for the selection of priority projects defined under the auspices of the Trans-European transport network. Three different transport models are used to analyse the costs and benefits associated with the current list of 30 priority projects. Most of these projects fail the cost-benefit test and few of the economically justifiable projects would need European subsidies to ensure their viability. Two remedies are proposed to minimise the inefficiencies surrounding project selection. The first remedy would oblige each member state or group of states to perform a cost-benefit analysis, followed by peer review and ensure that the results were published publicly prior to the ranking of federally funded priority projects. The second remedy would require federal funding to be made available only for projects with important spillovers to other countries in order to avoid pork barrel political behaviour.

Other publications by

36 publications found

2024
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New Editors-In‑Chief And Editorial Board

Publisher: Review of Regional Research

Authors: Artem Korzhenevych, Thomas Brenner, Iris Wanzenböck, Kristina Nyström

2017
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The Effect Of Land Consumption On Municipal Tax Revenue: Evidence From Bavaria

Publisher: Technische Universität Dresden

Authors: Artem Korzhenevych, Sebastian Langer

2010
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Assessing Spatial Equity And Efficiency Impacts Of Transport Infrastructure Projects

Publisher: Transportation Research Part B: Methodological

Authors: Artem Korzhenevych, Johannes Bröcker, Carsten Schürmann

2018
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Determinants Of Commuting Patterns In A Rural‑Urban Megaregion Of India

Publisher: Transport Policy

Authors: Artem Korzhenevych, Manisha Jain, Robert Hecht

2011
Journal article

Predicting Freight Flows In A Globalising World

Publisher: Research in Transportation Economics

Authors: Artem Korzhenevych, Johannes Bröcker, Marie-Catherine Riekhof

2017
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Spatial Disparities, Transport Infrastructure, and Decentralization Policy in the Delhi Region

Publisher: Journal of Urban Planning and Development

Authors: Artem Korzhenevych, Manisha Jain

2018
Working paper

Investment Subsidies And Regional Welfare: A Dynamic Framework

Publisher: Technische Universität Dresden

Authors: Artem Korzhenevych, Johannes Bröcker

2020
Journal article

Urbanisation As The Rise Of Census Towns In India: An Outcome Of Traditional Master Planning?

Publisher: Cities

Authors: Artem Korzhenevych, Manisha Jain

2019
Journal article

Determinants Of Growth In Non‑Municipal Areas Of Delhi: Rural–Urban Dichotomy Revisited

Publisher: Journal of Housing and the Built Environment

Authors: Artem Korzhenevych

2019
Journal article

Detection Of Urban System In India: Urban Hierarchy Revisited

Publisher: Landscape and Urban Planning

Authors: Artem Korzhenevych, Manisha Jain