Do We Really Need to Decrease the Priority of Urban Road Investments? – Case Study in Budapest

The aim of this paper is to analyze whether urban road projects still have a place in urban development plans, through a case study from Budapest.A complete cost-benefit analysis was carried out including the sensitivity analysis of the inputs and a quantitative risk assessment in order to examine the economic effects, the expected return of the investment and the uncertainty. Urban road projects should not be pushed into the background just because there are more sustainable modes of transport (note also a “road project” may cover surface reorganization that gives more room for cycling, dedicated bus traffic or even parking – the focus is not necessarily creating more lanes for cars). Rationalization of road network (e.g. strengthen of transversal road connections in a radial network) might be more effective than new tram links or metro lines. However these rationalizations often needed as prerequisites for traffic calming projects. Analyses like this one are badly needed for each serious development ideas in order to make well-informed decisions, which can guarantee the best value for money. Keywords: urb

Language

  • English

Media Info

  • Media Type: Digital/other
  • Features: Figures; Maps; References; Tables;
  • Pagination: 10p
  • Monograph Title: Transport Research Arena (TRA) 2014 Proceedings

Subject/Index Terms

Filing Info

  • Accession Number: 01531266
  • Record Type: Publication
  • Files: VTI, TRIS, ATRI
  • Created Date: Jul 8 2014 12:50PM