APPRAISAL FRAMEWORK FOR TRANSPORTATION INFRASTRUCTURE PROJECTS BY USING CBA AND WLCC
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Date
2018-04
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The British University in Dubai
Abstract
The decision process related to the budgeting and selection of transportation infrastructure projects is considered one of the most complex tasks due to its dynamic interrelation with other Social, Economic, Environmental, Political, and Technological life aspects (Veryard, D., 2016).
In this paper, we will explore the key literature and best practices worldwide related to the appraisal of transportation infrastructure projects, and develop a framework that includes all the related cost and benefit components along with the required parameters.
The framework will then be used to build a Microsoft Excel© model and examples will be examined within this model to illustrate its capability and flexibility in producing the required reports and charts to support decision makers in prioritizing and selecting the projects and its alternative which have the best value.
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Keywords
transportation infrastructure, decision makers, appraisal framework