Cost-Benefit Analysis of Road Infrastructure Projects

Abstract

The paper deals with the Cost-Benefit Analysis of road safety investment projects. Improving road safety can be much more effective when the data collected from road accidents can be merged with economic assessments based on the costs of the proposed interventions and the resulted benefits to society. In this paper, we performed such an evaluation for a list of black spots on the national road network in Romania, following the appropriate methodological literature, and based on statistics provided by the National Highway Company in Romania.

Keywords

• project
• investment
• cost
• benefit
• safety
• infrastructure