Comparative Analysis and Ex-post Evaluation of Road Investments in Hungary
T Princz-Jakovics, T Matrai, TeRRaCe Ltd, HU
The aim of this paper is to summarize the experiences collected related to the planning-, construction- and operation practice of recent public road investments in Hungary.
The aim of this paper is to summarize the experiences collected related to the planning-, construction- and operation practice of recent public road investments in order to search for possible methods for determining input data and promote development of the CBA methodology.
A general goal is to create a transport infrastructure using available resources that is as cost effective as possible in terms of both short term investment indicators and long term operational indicators. Incomplete or false results may lead to distorted or improper allocation of national and EU level funds.
A comparative and comprehensive analysis has not been carried out in Hungary for a number of years. Firstly we will summarize the main technical and cost data related to the actually implemented developments and road constructions between 1998 and 2007.
The 49 project we have investigated have been categorized into the following groups:
a)Constructing new roads
b)Constructing new bypass roads
c)Expanding road capacity
d)Implementing road rehabilitation
The ex-post evaluation of the three chosen sample projects provided opportunities to analyse successes and failures in this field.
After carefully reviewing the preliminary Cost-benefit analyses of the selected projects, we have collected their planned traffic, investment, maintenance and operational properties and compared them to the actual data.
Our findings indicate that on top of the well-known problems (e.g.: cost overrun, traffic overestimation, etc.), there were other errors in the methodologies used, leading to erroneous results.
Based on our investigation, we have determined possible areas of development to improve the applied methodology. The development of the methodology should be based on background studies containing national surveys and analyses.
Association for European Transport