Interdependence between Transport Infrastructure Projects: An Analytical Framework Applied to Priority Transport Infrastructure Projects of the ... Papers in Economic Policy Research)

In the European Union, there is an emphasis that transport infrastructure projects should not be assessed individually, but in the context of all other relevant infrastructure measures. The occurrence of interdependencies poses a challenge for project appraisal, for prioritizing projects, and for deriving an optimal infrastructure configuration. In this book, a method is developed to identify, measure, and to explain the occurrence of interdependencies between the components of an investment package. Interdependence is examined on three different levels, and at the third stage of the analyses, the projects are grouped under application of multivariate methods. The developed approach is applied to the ambitious set of priority infrastructure projects of the European Union adopted in 2004. This work was awarded the European Friedrich List Prize 2007 and will be of interest to transport planers, transport economists, and transport infrastructure decision-makers.