ENCROACHMENT COSTS OF NEW ROADS. A SUMMARY OF THE RESULTS OF CVM AND "FOR OR AGAINST" STUDIES

These studies have partly been in the form of attempts at monetary valuation, using the "Contingent Valuation Method" CVM, which roughly speaking means, hypothetical market valuation, and partly in the form of "for or against" studies. The former method is particularly suitable when winners and losers are distinctly separate groups, and the latter is appropriate when the groups overlap to a great extent, which is usually the case when the investment concerns a local road. The results of completed studies indicate that encroachment costs, in certain cases, can be of such a magnitude, that a project, that in terms of the Cost Benefit Analysis should have been an extremely profitable one, in reality becomes social-economically unviable. Therefore, the conclusion to be drawn must be that today's road impact assessments need supplementing. Despite the problems that exist with the CV method and "for or against" studies, they may be the supplement required.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/03476049
• Corporate Authors:

  Swedish National Road and Transport Research Institute (VTI)

  Linköping,   Sweden  SE-581 95
• Authors:
  • Grudemo, S
• Publication Date: 1998

Language

• English

Media Info

• Features: References;
• Pagination: 38 p.
• Serial:
  • VTI MEDDELANDE
  • Issue Number: 744A
  • Publisher: Swedish National Road and Transport Research Institute (VTI)
  • ISSN: 0347-6049

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Costs; Environment; Environmental impact analysis; Evaluation and assessment; Interviewing; Investments; Methodology; Networks; Roads
• Uncontrolled Terms: Road networks
• ITRD Terms: 224: Cost; 226: Cost benefit analysis; 2455: Environment; 9020: Evaluation (assessment); 2436: Impact study (environment); 9147: Interview; 227: Investment; 9102: Method; 1053: Road network
• Subject Areas: Environment; Finance; Highways; Planning and Forecasting;

Filing Info

• Accession Number: 00768535
• Record Type: Publication
• Source Agency: Swedish National Road and Transport Research Institute (VTI)
• Files: ITRD, ATRI
• Created Date: Sep 10 1999 12:00AM