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Every year large numbers of new transport projects are initiated in developing countries with varying degrees of success. But what do we mean by success? Evaluation techniques have been developed to try to objectively measure the performance not only of projects, but also the way they are managed. This is important to understand which investments have been effective and under what circumstances. Over the past 30 years the World Bank has been involved in ex post evaluation and has developed an approach that yields considerable information about performance. Over time some interesting trends have emerged and lessons can definitely be drawn from the cumulative evaluations. This paper concentrates on the transport sector and summarizes the main findings for World Bank supported projects that have been documented to date. It also discusses and analyses recent trends including the rise and then decline in private sector financing of transport projects. Finally, it identifies some gaps and needs for future research.
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