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BL
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| Record Number
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864685
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| Main Entry
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Berechman, Joseph
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| Title & Author
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The infrastructure we ride on : : decision making in transportation investment /\ Joseph Berechman.
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| Publication Statement
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Cham, Switzerland :: Palgrave Macmillan,, [2018]
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| Page. NO
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1 online resource
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| ISBN
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3319746065
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: 9783319746067
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3319746057
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9783319746050
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| Contents
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Intro; Dedication; Acknowledgment; Contents; About the Author; List of Figures; List of Tables; Chapter 1: Introduction; 1.1 Rationale; 1.2 Objectives and Scope; 1.3 The Book's Structure; 1.4 A Note on Data; References; Chapter 2: Infrastructure Needs and Reality; 2.1 Introduction; 2.2 The Provision of Transportation Infrastructure Investment; 2.2.1 Extent of Investment; 2.3 Measuring the Value of Existing Infrastructure Facilities; 2.4 Infrastructure Supply Versus Needs; 2.5 Conclusion; References; Chapter 3: The Dubious Status of Formal Project Evaluation Procedures; 3.1 Introduction
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3.2 Welfare-Economic Principles of CBA3.3 What Are We Measuring?; 3.4 Evaluation Methods in Various Countries; 3.5 The Regulatory Status of Formal Evaluation Schemes; 3.6 Conclusions; Appendix: Appraisal Schemes Commonly Used in the USA; STEAM; AASHTO Red Book; References; Chapter 4: Inferior and Unworthy Transportation Mega-Projects; 4.1 Introduction; 4.2 Suppositions on Key Determinants of Project Decision-Making; 4.3 Interface Between Actors, Institutions, Funding and Politics; 4.4 Inferior or Unworthy Projects: Funding; 4.5 Summary; Appendix: The Database Used in This Book; References
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6.2.1 Setting the Project's Context and Rationale6.2.2 Maintaining the Project's Place on the Public Agenda; 6.2.3 Prioritization of Competing Investments; 6.2.4 Effect on Potential Opposition; 6.3 History Affects Ambiguity; 6.4 Does Project History Matter?; 6.5 Conclusions; References; Chapter 7: Interest Groups: Advocacy and Opposition; 7.1 Introduction; 7.2 SIGs: Advocates and Opponents; 7.2.1 Project Advocacy SIGs; 7.2.2 Project Opposition SIGs; 7.3 Empirical Findings; 7.3.1 The Distribution of Opposition by Type; 7.3.2 The Effect of History; 7.3.3 Other Attributes of Project Opposition
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7.4 ConclusionsReferences; Chapter 8: The Decisive Role of Project Funding; 8.1 Introduction; 8.2 Funding Alternatives; 8.3 Project Fund by Source and Method; 8.3.1 Methods of Finance; 8.4 Effects of Funding on Decision-Making; 8.5 Grants and Risk in PPP Projects; 8.6 The Sequence of Funding and Investment Decisions; 8.7 Conclusions; References; Chapter 9: Overseeing Institutions; 9.1 Introduction; 9.2 Transportation Agencies: Their Roles and Functions; 9.2.1 Policy Design and Information Gathering; 9.2.2 Regulation; 9.2.3 Funding; 9.2.4 Implementation; 9.2.5 Project Promotion and Leadership
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Chapter 5: Inaccuracies in Cost and Demand Forecasts5.1 Introduction; 5.2 The Methodological Foundations of Cost and Demand Projections; 5.3 The Evidence; 5.4 Travel Demand Forecasting and Inaccuracies; 5.5 Cost Estimation and Inaccuracies; 5.6 Manipulation of Cost and Demand Forecasts and Project Mismanagement; 5.7 Forecast Commissioning, Transparency and Accountability; 5.8 Does It at All Matter? Implications of Forecasts for CBAs and Choice; 5.9 Conclusions; References; Chapter 6: Mega-Project History and Decision-Making; 6.1 Introduction; 6.2 Project History: Impacts
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| Abstract
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This book explores the various economic and institutional factors that explain why huge investments are made in unworthy transportation mega-projects in the US and other countries. It is based on research, the general literature, economic analyses, and results from a specifically collected database showing that a significant proportion of implemented mega-projects have been found to be inferior ex-ante or incapable of delivering the returns they promised ex-post. Transportation infrastructure and other public investments of a similar scope ("mega-projects") reflect public sector priorities and objectives, non-pecuniary as well as financial constraints, and a range of decision-making processes. This book describes how decisions made in the public sector with respect to transportation infrastructure investments are affected by the large populations and territories they serve, the estimation of the substantial opportunity costs they entail, the formal procedures instituted for quantitatively appraising projected outcomes and monetary returns, and the political environment in which these decisions are made.--
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| Subject
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Infrastructure (Economics)-- Finance-- Econometric models.
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| Subject
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Transportation and state-- Econometric models.
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Transportation-- Capital investments.
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Urban economics.
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BUSINESS ECONOMICS-- Infrastructure.
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SOCIAL SCIENCE-- General.
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Transportation and state-- Econometric models.
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Transportation-- Capital investments.
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Urban economics.
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| Dewey Classification
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363
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| LC Classification
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HC79.C3B47 2018
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