What characterises road projects with positive net benefit-cost ratios? Insights from Norway and Sweden

Abstract

• The front-end of projects is crucial for selecting the right project for appraisal. • Identifying factors that can aid in selecting potentially economically viable projects at an early planning stage can help planners avoid further developing projects that will entail a negative social benefit. • Projects with positive net benefit-cost ratios are characterised by high traffic levels, population density and local income level. • Smaller projects have a higher net benefit-cost ratio than larger ones.

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