Spatial effects in the ex-ante evaluation of urban underground transportation infrastructure projects: A study of the gap between the perceived spatial effects of Het Souterrain and the spatial effects incorporated in already conducted CBAs

Underground transportation infrastructure projects are a possible solution to the increasing demand for transportation, limited space and congestion in urban areas. In addition, these kinds of projects are in line with the need for improvement of the quality of the public urban space. Nowadays, when a municipality applies for funding with the...

Added value of different approaches of real options in transportation infrastructure projects decision-making

The importance of including flexibility into transportation infrastructure projects decision-making is widely recognised. Real-option analysis (ROA) is a technique for valuing flexibility to adapt to an uncertain future which can be included in the traditional Cost-Benefit Analysis. However, current practice of real options in transportation...