Article
Evaluation methodologies of transportation projects in Japan
This paper examines the system and manuals for transportation project evaluation, which are recently introduced for all transportation modes, road, railway, airport and seaport projects in Japan. The manuals aim to evaluate the social signi®cance of projects from the viewpoint of ef®ciency and equity, by applying a sort of multi-criterion analysis, although adopting the cost bene®t analysis as a basic method to evaluate social ef®ciency. Result of the review shows that there are several inconsistent points among the key components of the evaluation procedures, such as demand forecasting, value of time, environmental aspects, and regional development effects, among others. The existence of these inconsistencies reveals the dif®culty of developing a common evaluation framework for multi-modal applications. q2000 Elsevier Science Ltd. All rights reserved.
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