Scholarly record
EFFECT OF NEGATIVE EXTERNALITY ELIMINATION ON TRANSPORT INFRASTRUCTURE PROJECT ASSESSMENT
Abstract
Assessment of economic efficiency of transport infrastructure projects also includes impact of these projects on the environment. This paper focuses on the effects of exogenous costs associated with removing/reducing negative externalities such as traffic noise or exhaust fumes from cars. These effects are evaluated by using Cost Benefit Analysis according to their influence on the beneficiaries. The presented analysis has been performed on the sample of 47 Czech large-scale transport infrastructure projects processed during 2013-2016 period. The paper deals with the position of the reducing negative externality effects within the total benefit of these projects. Total benefits include savings in travel and operating costs, savings in travel time costs, reduction in accident costs as well as savings in exogenous costs. These savings arise as the difference in NCF between the zero and investment options of the project. Research results have shown that savings in exogenous costs contribute to the overall utility of projects by 5%.
Publication Impact Profile
Publication details
References13
Directive 2002/49/EC related to the assessment and management of environmental noise (the Environmental Noise Directive – END)
Guide to Cost Benefit Analysis of Investment Projects , European Commission, Directorate General Regional Policy, retrieved from http://ec.europa.eu/regional_policy/sources/docgener/guides/cost/guide2008_en.pdf
Hromádka, V., Vítková, E., Kovářová, H., Vařbuchta, P. Environmental impacts in the evaluation of transport infrastructure projects. In 16th International Multidisciplinary Scientific Conference SGEM 2016, Book 5. International multidisciplinary geoconference SGEM. Sofia, Bulgaria: International Multidisciplinary Scientific Geoconference SGEM, 2016. pp. 201-208. ISBN: 9786197105674. ISSN: 1314-2704.
Korytárová, J., Hanák, T., Kozumplíková, L., Špiroch, M. (2015) Contribution of socio-economic benefits to economic efficiency of large-scale infrastructure projects. Conference proceedings (International Research Conference on Business, Economics and Social Sciences, IRC), n. 1, pp. 1-9, 2015
Meunier, D., Quinet, E. Valuing greenhouse gases emissions and uncertainty in transport cost benefit analysis, Transportation Research Procedia 8, 2015, pp. 80-88.
Hyard, A. Cost-benefit analysis according to Sen: An application in the evaluation of transport infrastructures in France. Transportation Research Part A: Policy and Practice, 46(4), pp. 707-719, 2012.
Jones, H., Moura, F. & Domingos, T. Transport infrastructure project evaluation using cost-benefit analysis. Procedia - Social and Behavioral Sciences, 111, pp. 400-409, 2014.
Mackie, P., Worsley, T. & Eliasson, J. Transport appraisal revisited. Research in Transportation Economics, 47(1), pp. 3-18., 2014.
Petruccelli, U. Assessment of external costs for transport project evaluation: Guidelines in some European countries, Environmental Impact Assessment Review, 2015.
Road and Motorway Directorate of the Czech Republic (RMD CR), The implementing instructions for evaluating the economic effectiveness of projects of road and motorway construction, retrieved from http://www.rsd.cz/doc/Technicke-predpisy/HDM-4/provadeci-pokyny-pro-hodnoceni-ekonomicke-efektivnosti-projektu-silnicnich-a-dalnicnich-staveb, 2014
Šelih, J., Kne, A., Srdić, A. & Žura, M. Multiple-criteria decision support system in highway infrastructure management. Transport, 23(4), 299-305, 2018.
Thanos, S., Wardman, M. & Bristow, A. Valuing aircraft noise; Stated Choice experiments reflecting inter-temporal noise changes from airport relocation, Environmental and Resource Economics, 50(4), pp. 559-583, 2011.
Petro, F., Konečný, V. Calculation of emissions from transport services and their use for the internalisation of external costs in road, TRANSCOM 2017: International scientific conference on sustainable, modern and safe transport, Procedia Engineering 192, 677-682, 2017.
View or Download full articleAccess options
SWS access login
Login as SWS Scientific CommitteeLogin as SWS Scientific PartnerLogin as SWS AuthorAuthors and approved SWS contributors will read and export their own linked papers after identity matching by SWS profile, email and SGEM GlobalID.
For librarian assistance: [email protected]
Purchase Instant Access
- Article can be downloaded after successful payment.
- Article may be used according to SWS library access terms.
- Article cannot be redistributed.
